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Vietnam's central bank said it is ready to sell dollars to intervene in the forex market after the dong weakened sharply against the dollar over two weeks. Commercial banks lowered their offer rates the same morning, though the central reference rate rose slightly to VND22,137 per dollar.
A weaker dong raises the local-currency cost of imported feed ingredients such as soybean meal and corn, which Vietnam buys heavily; central bank intervention may cap that pressure in the short term.
vietnamnews.vnNov 25, 2016Not 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.
