Loading…
The State Bank of Vietnam bought a net $4 billion in January, injecting dong into the market. It raised its dollar purchasing rate by 500 dong on January 2, the first increase in a year.
The central bank may keep buying dollars to build reserves and ease dong lending rates ahead of the Tet peak season.
Central bank dollar purchases and rate moves shape the dong's exchange rate and local borrowing costs for feed mills and livestock producers. Cheaper dong credit could support domestic feed demand.
en.vietnamplus.vnVietnam+ (VietnamPlusFeb 8, 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.
