Dong To Fall 2% From Current Levels

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The Vietnamese dong is likely to test new lows as the country’s growing trade surplus with the US puts it at risk of targeted tariffs from the incoming Donald Trump administration. The local currency may fall close to 26,000 per dollar this year, according to Michael Wan, a senior currency analyst at MUFG Bank Ltd. That suggests a more than 2% depreciation from current levels. Analysts see a sustained rise in the greenback and slowing global demand as adding to headwinds for the dong

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