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The State Bank of Vietnam cut its USD buying price by 50 dong to 23,125, the first downward adjustment in about 12 months. The move follows abundant foreign currency supply in the banking system.
A stronger dong against the dollar is a currency story rather than a grain driver, so the direct effect on feed commodity prices is minimal for buyers.
en.vtcnews.vnMinh AnhJun 24, 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.
