Thai central bank intervenes to stabilise currency
The Bank of Thailand (BoT) said it has intervened in currency markets at times to ease any excessive moves in the THB, adding that the current policy rate is robust and conducive to economic recovery, reported the Bangkok Post.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thailand's currency becomes one of Asia’s worst performers
Thailand's currency THB may extend its recent declines to test support at last year’s low amid growing pressure on the central bank to cut interest rates, according to Bloomberg.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Malaysia works to strengthen local currency
Malaysia's ringgit is expected to continue to strengthen this year, trading at RM4.5 against the US dollar by year-end, driven by the country’s positive economic performance, Finance Minister II Amir Hamzah Azizan has said.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam back on US’s currency manipulation monitoring list after one year
The U.S. Department of Treasury has placed Vietnam on its “monitoring list” for currency manipulation again, a department report said Tuesday.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam central bank expected to further cut rates in Q3: HSBC
The State Bank of Vietnam (SBV) is expected to deliver one more 50-basis point rate cut in the current easing cycle, sometime in this year’s third quarter, to further support the country’s growth, HSBC Vietnam said.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Weakening US dollar relieves pressure on USD/VND exchange rate: WB
The weakening U.S. dollar in November helped alleviate some of the pressure on the USD/VND exchange rate, the World Bank said in its December Vietnam Macro Monitoring edition.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
USD/VND exchange rate plummets on free market
The selling price of the U.S. dollar on Vietnam's free market fell to VND24,938 on Thursday morning, down VND62 from the previous day, approaching the rates at commercial banks.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnamese dong weakens less against US dollar than other currencies
The Vietnamese dong has so far this year fallen about 4% against the U.S. dollar, according to the State Bank of Vietnam, but the depreciation is smaller than popular currencies worldwide.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
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