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Retail Asia12/12/2018

The official exchange rate between Vietnamese dong and U.S. dollar reached its highest this year Wednesday, and experts said the dong could depreciate further. The State Bank of Vietnam set a central exchange rate of VND22,757 on Wednesday, the sixth time the rate has gone up in the last two weeks. The dong has fallen […]

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Retail Asia03/10/2018

The recent increase in U.S. interest rate will generate pressure on the Vietnamese dong and make inflation target hard to meet, experts warn. The U.S. Federal Reserve lifted interest rates for the third time this year by a quarter of a percentage point to a range of 2.00 percent to 2.25 percent on Wednesday, foreseeing […]

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Retail Asia24/09/2018

The value of the rupiah has stabilized in recent days as the domestic supply of dollars has increased due to inflows from returning investors and more exporters converting their earnings, Bank Indonesia Governor Perry Warjiyo said on Friday (21/09). “The rupiah has stabilized and it tends to strengthen,” Perry said. “Many fund managers have begun […]

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Retail Asia15/08/2018

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The U.S. dollar strengthened against the Vietnamese dong on Tuesday as the central bank upped its reference rate. The State Bank of Vietnam (SBV) set its highest-ever reference rate for the greenback at VND22,686 on Tuesday, up VND10 from last Saturday. Eximbank and Vietcombank were selling the U.S. dollar for VND23,350 at 10:29 a.m. Tuesday, […]

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Retail Asia07/08/2018

Vice President Jusuf Kalla said Indonesia must impose stricter measures to ensure that dollars earned from exports remain in the country for longer, amid the continuous depreciation of the rupiah, which has been among the worst performers in Asia this year. The currency has weakened by 6.21 percent against the dollar so far this year, amid a […]

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Retail Asia03/08/2018

Indonesia’s President Joko “Jokowi” Widodo on Tuesday (31/07) urged his ministers to make “serious” efforts to strengthen foreign exchange reserves by widening biodiesel use to combat pressures caused by a global trade war. Indonesia requires foreign inflows to finance its current account deficit and the central bank has spent about $12 billion of its forex […]

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Retail Asia26/07/2018

The State Bank of Vietnam sold the greenback at VND23,284 on Wednesday, down from VND23,050 last Friday. It fixed a central rate of VND22,654 on Wednesday compared to VND22,634 on Monday, and banks too sold dollars at higher rates, Vietcombank at VND23,250 and Eximbank at 23,260. The higher dollar rates are likely to affect importers, […]

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Retail Asia23/07/2018

Japan should be careful about recent remarks by US President Donald Trump on currencies and might need to convince Washington its monetary easing is not aimed at weakening the yen but beating deflation, a finance ministry official said on Saturday. The US dollar fell the most in three weeks on Friday against a basket of […]

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Retail Asia13/07/2018

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Standard Chartered (StanChart), whose investment strategy is to stay bullish and diversified, said foreign inflows into Malaysia should be coming through in the second half of the year assuming the US dollar weakens. Its head investment strategist Manpreet Gill said outflows in the first half of the year had more to do with the US […]

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Retail Asia22/06/2018

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The dollar gained against the Vietnamese dong on Tuesday as the U.S. Federal Reserve raised interest rates last week. As of 3 p.m. Tuesday, dollar selling prices reached 22,810 at some currency exchange points in Ho Chi Minh City. At Vietcombank, BIDV and Eximbank, the dollar was being sold for VND22,880, 22,885, and 22,890, respectively. […]

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Retail Asia20/06/2018

The Australian dollar has slipped a little further against its US counterpart as the spat between the US and China over trade hurts commodities and commodity currencies, including the Aussie. At 0635 AEST on Monday, the Australian dollar was worth 74.46 US cents, down from 74.57 US cents on Friday. Westpac analysts say the tension […]

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Retail Asia04/04/2018

The Australian dollar is slightly lower as the US dollar flattens out after suffering three consecutive days of falls. At 0635 AEST on Wednesday, the local currency was worth 76.84 US cents, down from 77.04 US cents on Tuesday. The major US stock indexes were up over one per cent, after falling down to levels […]

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Retail Asia13/07/2017

The Australian dollar has surged against its US counterpart which has fallen ahead of key Congressional testimony by Federal Reserve chair Janet Yellen, after a Donald Trump Jnr e-mail came to light. At 0635 AEST on Wednesday, the Australian dollar was worth 76.34 US cents, up from 76.18 US cents on Tuesday. BK Asset Management […]

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Retail Asia19/11/2016

The rupiah fell 54 points to close at Rp13,414 per dollar in the Jakarta inter-bank spot market on Friday evening, compared to the previous close of Rp13,360 per dollar. The dollar appreciated at the weekend, sending a signal that the Fed has indicated the possibility of raising its interest rate this year end, Ariston Tjendra, […]

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Retail Asia09/01/2016

The sharp decline in the yuan and volatile stock markets have exacerbated retail and tourism woes in Hong Kong as a weak currency means it is no longer attractive for mainland visitors to shop and dine in the city. Experts fear the falling yuan will further discourage mainland tourists. A total of 38.6 million visited […]

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Retail Asia20/12/2015

Cash registers in Hong Kong won’t be ringing merrily next year after the US rate hike, with locals likely to scratch their travel itch with the appreciating Hong Kong dollar. The greenback reached a two-week high against a basket of major rivals yesterday after the US Federal Reserve raised interest rates for the first time […]

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Retail Asia30/01/2015

Clothing prices are expected to rise across the board for the first time in five years as suppliers and retailers raise prices after a 17 percent slump in the Australian dollar. Suppliers have warned retailers that prices for fashion clothing, underwear and basic apparel will rise significantly in the second half of calendar 2015, as […]

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