Vietnam Sets Dong Fixing at Record Low as Dollar Strength Grows
- Dong fell to the lowest in more than two years on Wednesday
- Natixis forecasts the dong declining to 24,000 per dollar
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Vietnam set its reference rate for the dong at a record low, setting the stage for more weakness in the Southeast Asian nation’s currency
The State Bank of Vietnam set the currency fixing at 23,281 dong per dollar on Thursday, the weakest since at least 2005, according to data compiled by Bloomberg. That’s after the dong fell to the lowest in more than two years in the previous session.