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Jeffrey Frankel of the Belfer Center criticized the U.S. Treasury's finding of a 4.7% undervaluation of Vietnam's currency. He argued the finding lacks support given Vietnam's small current account surplus and modest reserves.
The commentary suggests the U.S. currency finding could be used to justify countervailing duties, which would affect Vietnamese trade flows but has little direct price impact on feed grains.
belfercenter.orgJeffrey FrankelAug 28, 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.
