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Commercial banks in Vietnam were selling USD for nearly VND23,500, a record high, as the State Bank raised its reference rate to VND23,069. The rise followed a strong US first-quarter GDP reading that lifted the US Dollar Index above 98.
The dong has weakened about 1.06% since the start of the year.
A stronger dollar makes dollar-priced feed ingredients more expensive for Vietnamese buyers, while a firmer DXY can weigh on dollar-denominated grain prices globally.
e.vnexpress.netMinh SonMay 20, 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.
