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Bao Viet Securities forecasts the Vietnamese dong will depreciate by at most 3 percent against the dollar in 2018, with a possible 2 percent scenario. The dong has fallen 1.3 percent year to date amid regional currency weakness, and the government is expected to intervene to prevent a sharp decline.
A contained dong outlook limits the rise in Vietnam's dollar-denominated feed ingredient costs. Pressure from weaker regional currencies such as the yuan still adds some upside risk to import prices.
vinachem.com.vnOct 23, 2018After 169 past neutral macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (50% higher; middle half -0.3% to +0.2%), and -0.0% over 20.
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.
