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Vietnam's State Bank has several tools to manage exchange rates, including a trading band of plus or minus 3%. The dong sharply depreciated after the US raised tariffs on $200 billion of Chinese goods to 25% and China retaliated.
The yuan has fallen about 3% since early May, and the interbank rate gap narrowed to 0.4-0.7%.
Currency volatility affects the cost of imported feed for Vietnamese producers, and yuan weakness linked to tariffs could reduce Chinese demand for feed inputs. The effect on world prices is modest.
bizhub.vietnamnews.vnMay 27, 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.
