August 13, 2011
After holding steady for months against the dollar, the Vietnamese dong began to show signs of weakening this week The Vietnamese dong has weakened after holding steady for months against the dollar, following a gold hoarding panic over the weekend. Commercial banks lowered the dong against the dollar on Thursday, increasing the exchange rate to [...]
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December 11, 2009
Gold futures on the COMEX Division of the New York Mercantile Exchange ended higher for the first session in five on Thursday, pushed by bargain hunting as dollar kept stable. The most active gold contract for February delivery gained 5.30 U.S. dollars, or 0.5 percent, to finish at 1,126.20 dollars an ounce. Analysts said profit-taking [...]
Tags: 50 Dollars, analysts, dollar, dollars, Ounce, The Greenback
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December 8, 2009
Vietnam promotes tourism in France, Taiwan; Price of essential goods still stable; Gold down from historic high on dollar recovery In reaction to rumours that a lot of essential goods in Ho Chi Minh City have seen a rapid increase in their price along with the increase in prices of petrol and oil, gold and [...]
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August 20, 2009
The US must address the massive amounts of âmonetary medicineâ that have been pumped into the financial system and now pose threats to the worldâs largest economy and its currency, billionaire Warren Buffett said. The âgusher of federal moneyâ has rescued the financial system and the US economy is now on a slow path to [...]
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May 18, 2009
Tellers count dollar notes at an Eximbank branch in Ho Chi Minh City The foreign exchange market has become strained as firmsâ demand for dollars has exceeded purchased supplies of commercial banks, forcing many firms to buy the greenback on the black market at higher prices. The situation has developed over the last three weeks, [...]
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April 13, 2009
As forecasted before, the VND/US$ exchange rate on the black market exceeded the VND 18,000/US $1.00 threshold on the weekend of April 12. By late afternoon of April 12, the US$ transactions had been staying firm at VND 18,000/US $1.00 (purchase) and VND 18,030/US $1.00 (sale). As such, after two days the dollar price increased [...]
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March 4, 2009
The price of gold in-kind has dropped by VND300,000/tael in total in the last two days. Meanwhile, the dollar price has risen. The gold price unexpectedly began decreasing and the downturn has continued today. Few transactions and the sliding gold prices in the world’s market have led to the domestic price dropping by VND500,000/tael in [...]
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February 16, 2009
An exchange rate policy, which leans towards the devaluation of the local currency against the dollar in accordance with the currency value decrease in the world, proves to be the best choice for Vietnam in 2009, experts say. VND devaluation is one of the policy suggestions mentioned in the report about Vietnam’s economy prospects in [...]
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