The prospects for foreign exhange market for rest of 2024

The prospects for foreign exhange market for rest of 2024

Economist Le Xuan Nghia delves into the forex market's prospects for the rest of this year and looks at how to bolster liquidity for sustainable economic development.
Upward trend anticipated in forex rate

Upward trend anticipated in forex rate

The forex market faces pressures in the second quarter.
Forex market under significant pressure

Forex market under significant pressure

The forex market is under significant pressure as the USD/VND exchange rate sits just 1 per cent below the all-time high.
Businesses face mounting hardships amid rate hike

Businesses face mounting hardships amid rate hike

Businesses across the board are facing multiple hardships from the current high exchange rates.
Expert predictions on forex in 2024

Expert predictions on forex in 2024

A moderate exchange rate movement is forecast for this year.
Central bank keeps close eye on forex market movements

Central bank keeps close eye on forex market movements

The State Bank of Vietnam is monitoring and taking action to moderate exchange rate movements in the face of weakening regional currencies.
Currency sell-off bolsters VND status

Currency sell-off bolsters VND status

Selling foreign currency reserves in nominal terms will help calm the forex market in the face of volatile market swings driven by sentiment, say analysts.
The subtle art of choosing a foreign exchange broker

The subtle art of choosing a foreign exchange broker

The forex market is the most liquid market in the world, with approximately $5 trillion traded per day. Tong Quoc Dat, senior market strategist from Exness, explains how to choose a forex broker and why the major banks are active in this arena.
Forex rates surge against VND

Forex rates surge against VND

Except for the US dollar, foreign currencies have surged against the Vietnamese dong during the last month as demand for foreign goods increases ahead of the Tet (Lunar New Year) holiday.
Usual suspects still haunt banks

Usual suspects still haunt banks

Vietnam’s macroeconomy recently exhibited some good signs, with October’s consumer price index data rising only slightly against September, by 0.36 per cent and representing the lowest increase this year.
Gold frenzy is stoking the forex market flames

Gold frenzy is stoking the forex market flames

The gold frenzy has knocked the local forex market sideways.