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Reports say the USD/VND rate in the interbank market repeatedly fell below the State Bank's 23,200 buying price, reaching 23,192 dong. The article links the move to rising VND interest rates in August and central bank purchases that were moderate.
Dong pressure and tighter VND rates raise the cost of imported feed grains and meal priced in dollars. The effect is modest for global prices but relevant for Vietnamese feed buyers.
infocusvietnam.comSep 12, 2019Not 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.
