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The National Financial Supervisory Commission attributed Q1 2017 dong volatility to a sharp rise in imports, which turned the trade balance into a deficit of about 1.9 billion USD. The dong has risen since mid-February and often approached the bank's cap.
Stronger import demand for dollars pressures the dong, raising the local-currency cost of imported feed ingredients.
en.vietnamplus.vnVietnam+ (VietnamPlusApr 11, 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.
