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Day: May 4, 2024

UOB says Fed rate cut will see dong appreciate by year-end

Singpore’s United Overseas Bank–or UOB–has said that it expects the dong to appreciate between now and the end of the year, The Investor is reporting. This is reflected in UOB’s Quarterly Global Outlook 2Q24 which suggests that a recovery in China will likely strengthen the local currency as well as

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State Bank of Vietnam cancels another gold auction

The State Bank has cancelled another gold auction due to a lack of interest, Vietnam News is reporting. Gold auctions were floated as one way to reduce the price of gold in Vietnam, however, thus far there have only been two successful buyers with the price set by the State

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