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The dong strengthened against the dollar to about 23,300 from 23,500, despite trade deficits and weak export sectors such as mobile phones and textiles. Analysts attribute the move to a supply of dollars exceeding demand.
A firmer dong lowers the local cost of dollar-priced feed imports for Vietnamese buyers, but the move is a currency market development without a direct grain supply signal.
vinachem.com.vnJun 10, 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.
