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HSBC forecasts the Vietnamese dong will lose about 1.2 percent of its value against the dollar in 2020, reaching VND23,450 per dollar by year-end. Commercial bank dollar quotes rose after the State Bank of Vietnam cut rates and the US Fed cut again.
A weaker dong makes Vietnam less attractive for foreign direct investment, which is a macro currency driver with only indirect effects on feed commodity demand.
vinachem.com.vnApr 6, 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.
