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Oil slide, strong dollar drag Asian shares lower

Crude posted its biggest loss in six weeks after news US commercial stocks surged by 9.36 million barrels last week, almost three times the prediction of analysts.

Dollar strengthens against major peers on Fed talk

The dollar strengthened against its major peers on Thursday as fresh signs emerged that the US Federal Reserve could raise key interest rates as early as next month.

Vietnam's flexible exchange rate regime needs "more transparency": World Bank

Vietnam’s shift to a more flexible exchange rate regime “is the best way at this point” as it would help improve the country’s “relatively low” foreign exchange reserves, said Sandeep Mahajan, lead economist of the World Bank office in Vietnam on Monday.
April 11, 2016 | 05:03 pm GMT+7

Oil down ahead of producer meeting, dollar slips

Crude oil prices fell on Friday ahead of a weekend meeting that could yield an output freeze by major producers, while the U.S. dollar and stocks across the globe edged lower but posted weekly gains.
April 16, 2016 | 04:49 pm GMT+7

Global forex: yen takes a step back, dollar enjoys a small bounce

The yen showed signs of fatigue early on Thursday having taken a step back from recent peaks, while the greenback firmed broadly on some optimism the U.S. economy would bounce back after nearly stalling in the first quarter.
May 05, 2016 | 08:07 am GMT+7

SBV official: Vietnam not ready yet for free floating exchange rate

Vietnam's decision to change the mechanism for setting the dong’s daily reference rate is a step forward for the Southeast Asian country as it allows market forces to play a greater role in determining the exchange rate, said Bui Quoc Dung, head of the State Bank of Vietnam (SBV)’s Monetary Policy Department in an interview with VnExpress.
April 08, 2016 | 04:00 pm GMT+7

China's yuan opens at 2-1/2 month low on global dollar strength

China's yuan opened weaker on Thursday, hitting its lowest level since early March, after minutes from the U.S. Federal Reserve's last policy meeting increased expectations for a June rate hike, sending the dollar higher.
May 19, 2016 | 09:25 am GMT+7

Global markets wrap up: Asian shares, dollar start week off on strong footing

Asian shares rose on Monday after a solid session on Wall Street, while the dollar held near recent highs against major rivals as investors bet that the U.S. Federal Reserve was on track to raise rates sooner rather than later.
May 23, 2016 | 09:10 am GMT+7

Central bank loosens dollar lending as the economy shows signs of slowing

Vietnam’s central bank has allowed lenders to resume offering dollar loans for short-term purposes to certain exporters in an attempt to boost the economy.
May 28, 2016 | 11:35 am GMT+7

China fixes yuan at over five-year low against dollar

China's central bank on Monday set the value of the yuan currency at a more than five-year low against the U.S. dollar, according to the national foreign exchange market, in a pattern of weakness in anticipation of higher U.S. interest rates.
May 30, 2016 | 11:40 am GMT+7

Global markets wrap up: Dollar on back foot after Fed scales back rate hike projections

The dollar was on the defensive on Thursday after the U.S. Federal Reserve lowered its economic growth forecasts and scaled back its rate hike projections, cementing expectations that it will have to skip tightening next month.
June 16, 2016 | 08:37 am GMT+7

Vietnam's central bank sees no surge in year-end demand for dollars

The State Bank says there is no cause for alarm despite some pressure over the past week.
November 18, 2016 | 01:55 pm GMT+7

Vietnam considers plan for gold trading floor to curb hoarding

Experts estimate that Vietnamese are keeping up to 500 tons of gold in personal savings, which could be channeled into the economy.
January 10, 2017 | 03:18 pm GMT+7

Dollar at 8-week highs vs yen on US economic optimism

'Optimism about the U.S. economy is quite strong, and the dollar/yen's downside is quite limited.'
May 11, 2017 | 07:59 am GMT+7

Dollar slips to 3-month lows, heads for worst year since 2003

The dollar started the year well but has fallen back on doubts about Donald Trump's ability to push through those policies.
December 29, 2017 | 04:57 pm GMT+7
 
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