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Vietnam's State Bank says record foreign reserves of about $45 billion will let it keep the dong stable for the rest of 2017. Deputy Governor Nguyen Thi Hong said the bank can step in to stabilise the money market when needed, and the dong has been one of Asia's most stable currencies this year.
A central bank committed to a stable dong with large reserves reduces near-term currency risk for Vietnamese feed importers, so it has little direct effect on feed-ingredient prices.
en.vdb.gov.vnOct 25, 2017
en.vietnamplus.vnVietnam+ (VietnamPlusOct 24, 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.
