usd

Retail Asia06/12/2023

The U.S. dollar rose against the Vietnamese dong Wednesday morning. Vietcombank sold the dollar at VND24,450, up 0.08% from Tuesday. The State Bank of Vietnam raised its reference rate by 0.10% to VND23,951. The greenback went up 0.08% to VND24,700 on the black market. It has increased against the dong by 3.03% since the beginning […]

Retail Asia12/05/2023

Standard Chartered has reduced Vietnam’s GDP growth forecast for this year by 0.7 percentage points to 6.5%. In a release Thursday the British bank said it amended the forecast it had made in January of 7.2% growth after considering external factors more carefully with Vietnam’s macro indicators slowing down in the last four months. Exports […]

Retail Asia14/11/2022

Vietnam has been removed from the currency monitoring list by the U.S. Treasury Department. The U.S. Treasury Department remained satisfied with progress made by the Asian country in addressing U.S. concerns about its currency practices, it said in a semi-annual report Thursday. India, Italy, Mexico and Thailand were also removed from the list. It noted […]

Retail Asia19/10/2022

The dong depreciated to a new low against the U.S. dollar Wednesday morning, with state-owned Vietcombank selling the greenback at VND24,620 at 11.30 a.m. The Vietnamese currency fell 0.12% from Tuesday and 7.24% since the beginning of the year. Eximbank sold the dollar at VND24,620, 0.24% higher than Tuesday, and Techcombank at VND24,680, 0.33% higher. The […]

Retail Asia22/08/2022

The issuer of the world’s largest stablecoin has hired a new auditing company and will publish reserve updates on a monthly basis. Tether Holdings is partnering BDO Italia to conduct regular reviews and attestations of its foreign exchange reserves and will publish an attestation of its reserves for the second quarter in the coming days, […]

Retail Asia05/07/2022

Vietnamese banks on Monday traded the dong against the U.S. dollar at the lowest rate in two years as the greenback strengthens globally amid economic uncertainty. The Vietnamese dong declined by 0.3 percent from last weekend to VND23,510 per U.S. dollar at state-owned Vietcombank. It fell by 0.34 percent at BIDV and 0.26 percent at […]

Retail Asia29/01/2019

The dollar eased versus most of its peers on Monday as investors turned their attention to this week’s Federal Reserve policy meeting, with traders wagering policymakers will signal a pause in their tightening cycle. The Federal Open Market Committee meets between Jan 29-30, and Chairman Jerome Powell is widely expected to acknowledge growing risks to […]

Retail Asia07/01/2019

The ringgit is expected to face a challenging upcoming week as the market uncertainty over trade tensions and a slowdown in the global economy encourage investors to remain risk-off. FXTM Research Global Head of Currency Strategy Jameel Ahmad said that the local unit may face the risk of falling below RM4.15 against the greenback next […]

Retail Asia26/12/2018

The U.S. recent interest hike might result in a high demand for U.S. dollars in Vietnam, weakening the local currency further, experts say. The U.S. Federal Reserve Wednesday raised its interest rates for the fourth time this year to 2.25-2.5 percent. The Fed has projected two more hikes next year. Every time the Fed raises […]

Retail Asia13/12/2018

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The State Bank of Vietnam has licensed South Korea’s Kookmin Bank to open a branch in Hanoi, the government said on Tuesday. The branch has a chartered capital of $35 million and the contract runs for 99 years, the government said in a statement. South Korea is the largest source of foreign direct investment in […]

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 […]

Retail Asia19/02/2018

Asian currencies firmed on Thursday, boosted by heftier global risk appetites as the dollar slipped despite stronger-than-anticipated U.S. inflation and a rise in Treasury yields. Tracking a rally in Wall Street, Asian stocks brushed aside U.S. inflation data that showed that January core CPI posted the largest gain in a year, raising pressure on the […]

Retail Asia26/01/2018

The ringgit marched higher against the US dollar today, appreciating by 59% since it was last seen in April 2016, said Oanda Head of Trading for Asia Pacific, Stephen Innes. At 6pm, the local note ended at 3.8840/8870 against the greenback from 3.9110/9140 on Wednesday. Innes said the ringgit touched the 3.8 level, rising 15% […]

Tag: usd

Dollar gains little against dong

Standard Chartered cuts Vietnam growth forecast to 6.5%

US removes Vietnam from currency monitoring list

Vietnamese currency falls to record low against dollar

Tether Switches Auditor

Vietnamese currency hits 2-year low against dollar

Dollar eases as focus shifts to Fed meeting

Ringgit likely to trade in cautious mode this week

Higher Fed interest rate could weaken Vietnamese currency

South Korea’s Kookmin Bank licensed to open Vietnam branch

Vietnamese currency falls to new low, could go lower

Asian currencies rise as dollar off despite higher U.S. inflation

Ringgit marches higher against US dollar