Geopolitical factors combined with tariffs have caused the Vietnamese dong to hit a low.

Jin10 data June 19 news, the Vietnamese dong exchange rate fell today, breaking below the historical low reached in April, due to reports that the United States is preparing to launch possible strikes against Iran, causing Asian currencies to weaken. For export-reliant Vietnam, the dong is also under additional pressure due to the US plan to impose a 46% tariff on its goods. An Asia forex and interest rate senior vice analyst stated: “The weakening of the Vietnamese dong is more related to the rebound of the US dollar. Before the trade tensions ease, the dong may lag behind in the region.”

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)