Loading…
The Vietnamese dong fell to its lowest level against the dollar in five months, with major banks quoting about 22,420 dong per dollar. Local economists attributed the move to expectations of a US Fed rate hike driven by Trump's planned infrastructure spending.
A weaker dong makes dollar-priced feed imports more expensive for Vietnamese compounders, which can dampen buying of corn and soybean meal and pressure local feed margins.
e.vnexpress.netVnExpressNov 17, 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.
