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A U.S. Treasury investigation found Vietnam deliberately undervalued its currency by about 4.7% against the dollar in 2019. The State Bank of Vietnam reportedly bought about $22 billion in foreign exchange, which pushed the dong lower.
The finding raises the risk of U.S. trade penalties on Vietnamese exports, which matters for feed-relevant trade flows and the dong's exchange rate outlook.
bloomberg.comMichelle JamriskoAug 26, 2020Not 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.
