Currency1997

Currency1997

Danish Ambassador to Vietnam Mr. Nicolai Prytz said that recently, the Group and the Vietnam - Singapore Industrial Park Joint Venture Company (VSIP) signed an investment cooperation agreement to build a jewelry factory in Da Nang. VSIP III industrial park (Tan Uyen town, Binh Duong province). Accordingly, Pandora Group will build the project with a total...

Currency1997 Updated 

Previously, US Treasury yields had risen sharply since mid-July, making the US dollar more attractive and contributing to the DXY index's more than 6% rise. However, this index has remained largely unchanged since the beginning of October. Michael Brown, a market analyst at investment broker Trader Safe Havens, said the U.S. dollar can't continue to push...

Currency1997

The driving force behind this price surge for the world's largest digital currency is speculation about the US potentially looking to launch a spot Bitcoin exchange-traded fund (ETF), which is causing Bitcoin short sellers to close positions. There must be a reason. Thai. In the first session of the week, US time, Bitcoin prices briefly reached around USD...

Currency1997 Updated 

The dollar benefited from this uncertainty, with the dollar index and dollar index futures slightly higher in Asian trading. Both instruments rose about 0.3% in overnight trading, nearing 11-month highs. The focus now is on Fed Chairman Jerome Powell's speech at the New York Economic Club later in the day. Given the recent rise in inflation, many expected...

Currency1997 Updated 

After yesterday's sharp rise in the euro, not much has changed today. European Central Bank (ECB) policymakers are expected to decide not to raise interest rates for the first time in more than a year when they meet in Athens on October 26. As a result, despite the deteriorating economic outlook, inflation has begun to decline since the outbreak of conflict in...

Currency1997

The data and addresses are set to provide more signals on the world`s largest economy and will be closely watched after a surprise rise in US inflation over the past three months raised concerns of a The Fed is more hawkish. This kept the dollar at a 10-month high, with the dollar index and dollar index futures rising slightly during the Asian session on...

Currency1997

The European Union and the United States will cooperate on creating a common customs area that would impose tariffs on steel and aluminum imports from economies such as China, as proposed by the European Commission. European Commission on the EU-US Agreement. According to Politico sources, the deal would impose tariffs of 25% on steel and 10% on aluminum. ...

Currency1997

Bitcoin price still fluctuates in the $18,000-$20,000 price range, reflecting the trend of intense conflicts in the market, but positive signals have “flared” and many crypto investments Home is more confident. Many professional traders believe that the fact that Bitcoin price has not fallen below $18,000 since June 2022 indicates that the major cryptocurrency...

Currency1997 Updated 

The Australian dollar (AUD) ended its three-day winning streak on Monday. The AUD/USD pair received bullish support, mainly buoyed by favorable Chinese PMI data released over the weekend. However, the US dollar (USD) continues to show resilience following the moderate economic data released on Friday. Australia's TD Securities inflation data (year-on-year)...

Currency1997 Updated 

Yukio Ishizuki, senior currency strategist at Daiwa Securities in Tokyo, said, ``The USD/JPY broke through the 150 threshold at a time of low liquidity, probably due to the influence of speculators.'' The US dollar/yen pair's upside potential will be limited due to concerns about intervention. People will continue to be nervous. ” Fukuhiro Ezawa, head of Tokyo...

Currency1997 Updated 

The euro was on a downward trend at the beginning of the week. The world's leading group of developed and emerging economies (G20) believes that the global economy will face unpredictable fluctuations in 2023. International media reported today that in a joint statement, finance ministers and central bank governors from G20 countries expressed concern that...

Currency1997

The dollar consolidated its gains on Wednesday, but the dollar hurt slightly as unemployment claims failed to gain momentum. During US trading, Federal Reserve Chairman Jerome Powell was cautious about the Fed's next move, which understandably put selling pressure on the dollar. It is well known that monetary policy in the United States is shaped by the Federal...

Currency1997 Updated 

US consumer prices rose more than expected in September, and underlying inflationary pressures continued to rise. Investors are therefore betting that the US Federal Reserve will raise interest rates for the fourth time by 75 basis points next November, even though current inflation control measures have yet to have any real effect. Expect. effective. Mazen...

Currency1997 Updated 

The dollar price in the international market rose slightly, with the US dollar index increasing by 0.1 point to 106.31 points. In a speech at the New York Economic Club, Federal Reserve Chairman Jerome Powell signaled a dovish stance through comments at an economic forum, even as U.S. newspapers warned that the Fed could resume rate hikes. The strength of the US...

Currency1997

Most worryingly, economic activity in the euro area continues to decline, with the decline in manufacturing in particular spreading rapidly to the services sector. The Eurozone Purchasing Managers' Index (PMI) fell from 48.6 in July 2023 to 47 in August 2023, the lowest level in three years in the Eurozone. The number of insolvency filings within the EU increased...

Currency1997 Updated 

The unemployment rate in September reached 3.6%, lower than the expected 3.7%. Australia added 6.7 million jobs in the month, less than the 20,000 expected. However, 39.9 thousand full-time workers lost their jobs, 46.5 thousand new part-time jobs were created, and the labor market participation rate fell to 66.7%. The RBA kept interest rates on hold at 4.10%...

Currency1997 Updated 

The euro continues to fall today. The IMF's latest report says the global economic recovery momentum is at risk. As a result of the pandemic, households have seen a significant decline in their savings, while facing rising prices. The US economy continues to look strong and is expected to grow by 2.1% this year. However, the growth rate of the European Monetary...

Currency1997 Updated 

Provincial Industrial Park has just issued an investment registration certificate to investor Beer Crystal Private Limited (Singapore) to implement a project in An Fat 1 (Nam Sak) Industrial Park. Therefore, the investor rented more than 20 hectares in An Fat 1 Industrial Park to build a production factory for glass and glass products, optical instruments and...