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SSI forecast that the State Bank of Vietnam may sell foreign reserves if the exchange rate keeps rising. The dollar rose about 150 dong in June and July, and the central bank has around $65 billion in reserves and has signalled readiness to intervene.
Central bank intervention to defend the dong would limit currency-driven swings in dollar-denominated feed import costs for Vietnamese buyers.
en.vietnamplus.vnVietnam+ (VietnamPlusJul 20, 2018Not 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.
