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Podcast: My FX Buddies
Episode: Is the Vietnamese Dong Really About to Revalue?
Description: Lately, speculation has been rising online about investing in the Vietnamese dong Link to My FX Buddies Blog — with claims it could skyrocket in value through a major revaluation. But is this the next big opportunity, or just another risky bet like the Iraqi dinar hype of the past?Financial expert Rupert Carlyon warns that while Vietnam’s peg to the US dollar is under scrutiny, especially with pressure from US trade talks, the idea of a guaranteed payoff is misleading. Emerging market currencies are notoriously volatile, and breaking the peg could bring as much loss...