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VND/USD: Vietnam Dong Drops for A 10th Straight Day - Bloomberg

Markets

Vietnam’s Dong Poised for Longest Losing Streak Since 2008

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By Karl Lester M Yap and Jamille Tran

October 19, 2022 at 1:06 AM EDT

Updated on

October 19, 2022 at 1:30 AM EDT

This article is for subscribers only.

Vietnam’s dong declined for a 10th straight day, its longest losing streak in 14 years, after the central bank widened the currency’s daily trading band.

The dong weakened as much as 0.6% to set a record-low of 24,511 on Wednesday. The currency is set for the longest stretch of losses since June 2008.

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