Do BRICS Catch Flu?

By |2013-06-28T15:52:42-04:00June 28th, 2013|Currencies, Markets|

It isn’t exactly the Thai baht, but the dong was slightly devalued yesterday. Vietnam reduced its reference rate by about 1% (the reference rate is the midpoint in a currency corridor for the dong/dollar exchange value). Vietnam devalued by about 8.5% early in 2011, so it doesn’t seem to be much of a move in comparison. But the dong follows [...]