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Vietnam's central bank said it is ready to sell dollars to support the dong if needed. The dong has weakened about 0.9% this year because of concerns over US-China trade negotiations.
The central bank also said it expects the dong to keep depreciating slightly to absorb sudden global market changes.
Central bank intervention could limit further dong weakness and so cap import cost increases for Vietnamese feed buyers. The effect on international feed commodity prices is small.
vinachem.com.vnMay 23, 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.
