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Vietnamese dong has been depreciating since late November 2018. The State Bank of Vietnam raised its dollar purchase price on the first trading day of 2019, narrowing the buy-sell spread.
Analysts say the Federal Reserve's less hawkish stance and a weaker US dollar index are supporting the dong this year.
A firmer dong lowers the local-currency cost of dollar-priced feed imports for Vietnamese buyers. The Fed's slower rate path is the main external factor behind that support.
vietnaminsiders.comSophie DaoFeb 16, 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.
