Dollar on back foot despite Fed signal on rate hikes

Dollar on back foot despite Fed signal on rate hikes

LONDON: The dollar stumbled on Thursday (Feb 1) despite mounting expectations that the Federal Reserve will speed up interest rate hikes this year, dealers said.
Dollar strengthens against other currencies

Dollar strengthens against other currencies

The dollar on Tuesday gained against other currencies, propelled by solid economic data at home and weak economic reports overseas.
SBV faces tricky juggling act

SBV faces tricky juggling act

Christian Kamm, president of Kamm Investment, asks whether the State Bank’s dollarisation blitz can help get the gold market in order.  
Greenback loans get tongues moving

Greenback loans get tongues moving

The year-end, dollar-denominated lending situation is again under the spotlight.
Dollar rises against yen in Asia

Dollar rises against yen in Asia

The dollar rose against the yen in Asian trade on Friday, lifted by news that Japanese mobile carrier Softbank is in advanced talks on a multi-billion-dollar buyout deal with Sprint Nextel.
Price of gold in Vietnam soars

Price of gold in Vietnam soars 1

Price of gold in Vietnam soared by VND600,000 per tael (1.2 ounces) on August 22 over the previous day to the highest level since April 4, as global price rocketed 1.1 per cent at the trading session in New York last night.
Gold unexpectedly jumps

Gold unexpectedly jumps

Price of gold in Vietnam suddenly jumped to VND43 million a tael (1.2 ounces) on August 21, the highest level in the past four months, although global price only added small rise.
Gold surges to seven-week high

Gold surges to seven-week high

Price of gold in Vietnam rallied to a seven-week high above VND42.3 million a tael (1.2 ounces) on August 7 as global price maintained rising momentum after sentiment improved on expectations for the European Central Bank action.
Gold rises above VND42 million

Gold rises above VND42 million

Price of gold in Vietnam rose above VND42 million a tael (1.2 ounces) on August 6 thanks to a slight rise in global price triggered by risk appetite.
Gold plummets after Fed meeting

Gold plummets after Fed meeting

Price of gold in Vietnam sank to below VND42 million a tael (1.2 ounces) on August 2 as global price tumbled after the US Federal Reserve disappointed investors by offering no new measures to stimulate the ailing economy.
Gold prolongs losing momentum

Gold prolongs losing momentum

Price of gold in Vietnam dropped marginally over the previous day on July 12 as global price fell significantly at the trading session in Asia this morning after weak recovery at the trading session in New York last night, while dollar exchange rate stalled below VND20,900 per dollar.
Gold slumps sharply (June 27)

Gold slumps sharply (June 27)

Price of gold in Vietnam lost by VND200,000 a tael (1.2 ounces) over the previous day on June 27 as global price dropped at the trading session in New York last night on fears over deflation after recent reports showed a slowdown in global economic activity.
Gold extends drop after disappointing Fed meeting

Gold extends drop after disappointing Fed meeting

Price of gold in Vietnam dropped near VND42 million a tael (1.2 ounces) on June 21 as global price struggled to hold $1,600 an ounce mark after the US Federal Reserve policy meeting.
Gold, dollar slip further (June 20)

Gold, dollar slip further (June 20)

Price of gold in Vietnam slipped by VND100,000 a tael (1.2 ounces) on June 20 while global price inched up on hopes that the US Federal Reserve would launch another round of quantitative easing to stimulate the world’s largest economy at its policy meeting today.
Gold rebounds (June 13)

Gold rebounds (June 13)

Price of gold in Vietnam rose by VND300,000 per tael (1.2 ounces) on June 13, responding to a rising momentum that sent global price to above $1,600 an ounce.
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