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The dong hit 22,965 per dollar on July 2, 2018, a record low, and the State Bank of Vietnam said it stands ready to intervene in the foreign exchange market. Reserves were about $63.5 billion at end-June, and H1 trade posted a $2.7 billion surplus.
Central bank readiness to defend the currency reduces the chance of sharp dong depreciation, which would otherwise raise dollar-priced feed import costs in Vietnam.
e.vnexpress.netReutersJul 3, 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.
