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SSI Research expects 2020 financial markets to be less active than forecast, citing the US-China phase one deal and the US-Iran conflict and Covid-19 outbreak. The dong/dollar rate rose after Tet as the dollar strengthened in both bank and free markets, and the foreign currency supply may be tighter as trade and tourism decline.
A weaker dong and tighter dollar supply raise the cost of imported feed ingredients for Vietnamese buyers, while lower trade volumes weigh on demand for imported grains and meal.
vietnamstar.netFeb 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.
