
Commercial banks in Vietnam cut their dollar buying and selling rates again on November 3, bringing them to about a 1.5-year low. The Vietcombank selling rate fell to 25,960 VND, and the dollar has dropped nearly 100 dong in about a week.
Free-market rates in Ho Chi Minh City held around 26,000-26,200 VND.
A sustained fall in the dollar against the dong lowers feed import costs for Vietnam and gives the central bank room to ease inflation. Price impact on feed is limited because the drop is gradual and the central rate barely moved.
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.