Loading…
The State Bank of Vietnam has bought more than US$1 billion from commercial banks this year to build foreign currency reserves, and it could buy another $1-2 billion in coming weeks. Foreign reserves were $63.5 billion at the end of 2018.
MBS says the dollar likely peaked in 2018 and will ease in 2019.
Reserve purchases support the dong and stabilise the local cost of dollar-priced feed imports. A softer dollar in 2019 would further ease import costs for Vietnamese buyers.
en.vietstock.vnJan 25, 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.
