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VIB's treasury head expects interest rates and the exchange rate to cool toward year-end, though pressure will persist through the second and third quarters. The article reports that the Fed's elevated rates and a US-Iran conflict that pushed oil above $100 per barrel have reduced the chance of rate cuts.
VIB forecasts the dong could depreciate 3-5% this year.
High U.S. rates and a possible 3-5% dong depreciation would raise the local-currency cost of dollar-priced feed imports, and higher oil prices add to freight and energy costs.
en.vcci.com.vnAug 22, 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.
