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The State Bank of Vietnam raised its foreign exchange reserves to a record of more than US$57 billion as of February 6, with net dollar purchases of over US$4 billion so far this year. Forecasts point to a stable forex market and a modest dong depreciation in 2018.
Large reserves and central bank dollar buying reduce currency volatility for Vietnamese importers of feed ingredients. The story is macro context with little direct effect on feed commodity prices.
en.vietnamplus.vnVietnam+ (VietnamPlusFeb 9, 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.
