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The State Bank of Vietnam said it does not use exchange rates to gain an unfair trade advantage, responding to the US Treasury keeping Vietnam on its currency-monitoring list. The bank said it will set monetary policy to control inflation and support growth.
Its statement was issued after the Treasury's semi-annual report to Congress.
The statement reduces the risk of deliberate currency weakening to boost exports, so it has little direct effect on feed commodity prices.
vietnamnews.vnJan 15, 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.
