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The State Bank of Vietnam raised its reference dollar rate by 8 dong to a record VND22,101 per dollar, the highest since the new fixing mechanism launched in January. Commercial banks quoted selling rates up to about VND22,500 after the US election result.
A record dong rate increases the local cost of dollar-denominated feed imports, which can squeeze Vietnamese feed makers and slow purchases of corn and meal.
english.vov.vnVNANov 18, 2016
vietnamnet.vnVietNamNet NewsNov 18, 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.
