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Vietnam's foreign currency supply from FDI disbursements, trade surplus and M&A has helped stabilise the USD/VND rate, according to SSI Securities analyst Nguyen Duc Hung Linh. He warned that yuan devaluation could pressure other Asian currencies.
A stable dong keeps Vietnamese feed import costs predictable, while a yuan devaluation would be a downside risk to regional currencies and demand for imported commodities.
infocusvietnam.comSep 13, 2019Not enough comparable past events yet for a historical read.
After 169 past neutral macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (50% higher; middle half -0.3% to +0.2%), and -0.0% over 20.
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.
