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The State Bank of Vietnam reportedly bought nearly $2 billion in foreign currency in recent weeks, keeping the exchange rate near its buying rate of VND21,175. Foreign exchange reserves were estimated at a record $84 billion in April.
Central bank dollar purchases that keep the dong stable support import capacity for feed ingredients, but the article has limited direct effect on agricultural prices.
en.vietstock.vnHanoi TimesAug 19, 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.
