many asian economies are being squeezed by the pain of surging prices
Many Asian economies are being squeezed by the pain of surging prices for energy and other imports due to the pandemic and the war in Ukraine, and their currencies have tumbled as a result. This has contributed to mounting speculation that the recent depreciations will only intensify, become persistent, and become destabilizing for affected economies. One affected country is Vietnam, and its currency is the dong. Based on this scenario, which of the following would have occurred in the market for the Vietnamese dong?
- a decrease in the supply of the Vietnamese dong
- an increase in the supply of the Vietnamese dong
- a decrease in the demand for the Vietnamese dong
- an increase in the demand for the Vietnamese dong
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