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HSBC Vietnam expects the USD/VND exchange rate to stay stable over the last four months of 2020, supported by a weaker US dollar, a record Vietnamese trade surplus of US$11.9 billion and strong foreign exchange reserves. Vietcombank USD selling prices have hovered around VND23,060-23,270 with no major moves in the past two months.
A Reuters poll of economists expects the dollar's weakening trend to continue for at least three months, driven by the Fed's shift toward tolerating higher inflation.
A stable dong and a weaker dollar reduce currency-driven swings in Vietnam's import costs for feed ingredients such as soybean meal and corn, so Vietnamese buyers face less FX risk when pricing US-origin supplies.
hanoitimes.vnN Ngoc ThuySep 7, 2020After 1,637 past bearish macro events, DXY moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
