This is the 2nd time in the past 6 months and the 3rd time within one year.
All of them were very small and represent less than a .01 cent change.
I have VND also as a play.
I think the announced devaluations have been more to stem speculation than any thing else because the total change is so small but the wording of the statements (devaluation) and the impact that may have on those who are speculating has been effective to "cool" speculation.
IMHO
Disclaimer: Do not buy or sell any stock or currency based upon this or any of my post. Please do your own D.D. and the best of luck to all!~
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.