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The State Bank of Viet Nam lowered its reference US dollar rate for a fourth straight day, to VND22,154 per dollar. Commercial bank dollar rates fell to their lowest since December 10, 2016, following a broad slump in the greenback on international markets.
A firmer dong lowers the local cost of dollar-denominated feed imports, which slightly supports Vietnamese buyers. The move mainly reflects dollar weakness and has little direct effect on commodity prices.
safedinar.comVNSJan 7, 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.
