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The Vietnamese dong has strengthened against the dollar year to date, even as Vietnam runs a goods trade deficit and the dollar and energy prices are high. The central rate was 25,631 per dollar on November 2, and the free-market gap to bank selling rates narrowed to 60 dong.
A firm dong eases the cost of dollar-priced grain and meal imports for Vietnamese feed mills. It also reduces pressure on importers to buy dollars early, which can smooth purchasing.
Not 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.