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Vietnam's central bank is keeping a flexible forex regime and adjusting the dong's reference rate daily. The trade deficit for the first four months of 2017 was about US$2.8 billion, and the dong has lost only 1.1% against the dollar this year.
Analysts expect the US Federal Reserve to raise rates in June, which adds downward pressure on the dong.
Expected US rate hikes and a strong dollar could weaken the dong, raising the local cost of imported feed ingredients. The central bank's managed approach limits how fast that pressure feeds through.
vietnamnews.vnMay 29, 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.
