Loading…
On May 29 the State Bank of Vietnam weakened the dong by 9 dong to 22,605 per dollar, the largest move of the year. Banks adjusted their rates sharply before partially reversing the next day, and the central bank cut the interbank rate by 15 dong on May 30.
Sharp currency swings raise the import cost of dollar-priced feed inputs for Vietnamese buyers and add uncertainty to purchasing. The impact on global feed prices is limited.
vietnamnet.vnJun 6, 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.
