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The dong fell to a record low against the USD, with commercial banks selling dollars near VND23,500. The State Bank's reference rate rose to VND23,069, and the US Dollar Index passed 98 after strong US GDP data.
The dong has risen 1.06% year to date against the dollar.
Dollar strength raises the local-currency cost of imported feed inputs in Vietnam. The impact on global grain and feed prices is limited.
en.vcci.com.vnMay 21, 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.
