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The dong depreciated against the US dollar in early February after a long stable period, with the central bank's reference rate at 23,206 per dollar, up five dong. Commercial banks raised their buying and selling quotes, and the unofficial market also rose.
A weaker dong raises the local-currency cost of imported feed inputs such as corn and soymeal, which can squeeze margins for Vietnamese feed millers.
vietnamnews.vnFeb 4, 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.
