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The Vietnamese dong held steady in the week after the US Federal Reserve raised its policy rate by 25 basis points to 1.25-1.5%. The State Bank of Vietnam's central fixing was adjusted only slightly, and the dollar sold off against major currencies after the hike.
Local analysts expect a 1-2% VND devaluation in 2018.
A stable dong keeps Vietnamese feed importers' dollar costs predictable for soybean meal, corn and other feed ingredients. A weaker dong in 2018 would raise landed costs for imported feed.
vir.com.vnVietnam Investment ReviewDec 21, 2017Not 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.
