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Vietnam faces a choice between devaluing the dong further to support exports and holding the rate steady to limit public debt and inflation. Analyst Nguyen Tri Hieu said the yuan has lost about 4% against the dollar this year while the dong has lost 1.5%, making Chinese imports cheaper.
Yuan weakness that makes Chinese goods cheaper and pressure for a further dong devaluation both shape Vietnam's import costs and trade balance, which affects feed ingredient demand.
english.vov.vnVNAJul 24, 2018Not enough comparable past events yet for a historical read.
After 362 past bearish macro events, Chinese Yuan (CNY per USD) moved a median -0.1% over 5 sessions (42% higher; middle half -0.4% to +0.1%), and -0.2% 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.
