currency

The Currency category covers foreign exchange markets, monetary policy, and macroeconomic factors affecting currency valuations. It explores exchange rate fluctuations, central bank interventions, inflationary trends, and trade impacts, providing insights into currency markets, forex trading, and financial regulations. This section is essential for businesses, investors, and policymakers monitoring the effects of currency movements on the economy.

 

Vietnam dong exchange rate closing in on 12-month high

US dollars were selling for 24,970 Vietnamese dong on the black market this morning, Zing News is reporting, getting closer to last October’s high of 25,280. Official rates are also getting close to their 2023 high with the official exchange rate set by the State Bank of Vietnam (SBV) this

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Vietnam back on US currency manipulation monitoring list

That said, the US Treasury did say that none of its trade partners appeared to be manipulating their currencies, according to Reuters.  Countries make the currency manipulation watch the meet two of the following three criteria: They have a trade surplus of US$15 billion or more. They have a current

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Calls to allow greater devaluation of the Vietnamese dong

Dr Huan Huu Nguyen, from the Ho Chi Minh City University of Economics, has told Donah Nhan Vietnam that the VND should be allowed to fluctuate within a greater range and that Vietnam should accept a short-term devaluation. Currently, the dong operates in a trading band of 5 percent either

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More on the US$411 million of treasury bonds issued last week

The Investor is carrying an article with interviews with several economists regarding the US$411 million treasury bond issuance last week. Can Van Luc, chief economist at state-controlled bank BIDV, said it was normal to keep interbank interest rates at appropriate levels. Le Xuan Nghia, a member of the National Financial

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Vietnam treasury bills raise relieve pressure on VND

The State Bank of Vietnam has announced that it issued treasury bills to the value of VND 10 trillion (US$411 million) yesterday, The Investor is reporting. The online publication says this is ‘related to exchange rate developments in recent days.’ Pressure has been mounting on the dong in recent months

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