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Economist Nguyen Tri Hieu expects the Vietnamese dong to weaken by about 2% by year-end because of seasonal import and payment demand. He also cited possible Federal Reserve rate hikes.
The dong has been stable near 22,700 per dollar this year.
A weaker dong would raise the local cost of imported feed inputs such as soybean meal and corn for Vietnamese buyers, though the effect is forecast rather than an observed move.
english.haiquanonline.com.vnCustoms NewsAug 22, 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.
