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Vietnam's State Bank raised its USD/VND reference rate by VND15 to VND23,069 after the rate jumped in early May. Commercial banks' rates rose 80-90 dong per dollar from May 6, to about 150 dong above the stable range maintained earlier this year.
HSBC Vietnam attributed the move to both domestic and external causes.
The sharp rise in the dollar raises import costs for Vietnamese feed buyers, and the central bank's response will determine how quickly those costs ease. Global feed prices are not directly affected.
en.vietnamplus.vnVietnam+ (VietnamPlusMay 9, 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.
