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US dollar drops to below 19,000 dong
The domestic gold price on June 1 recovered after the world gold price increased slightly while the FX rate in the free market fell to below 19,000 dong per US dollar, lower than the FX rate at banks.
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Falling euro hits Vietnam’s export
Negotiations of contracts for Vietnam’s exports to the European Union have been delayed due to the weakening euro and the stronger US dollar.
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Forex Daily Outlook – June 2
US Pending Home Sales and Australia’s GDP are the major events this day. Let us see what awaits us today
8 votes
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EUR/USD Hits Year Lows
The Euro (EUR) broke through year lows at 1.2140 to test fresh lows before staging a solid recovery rally on the stock market gains at the start of the US session.
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Oil falls to $72 on dollar, awaits US inventories
Oil fell to $72 on Wednesday, extending a nearly 2 percent drop in the previous session on gains for the dollar and negative sentiment pervading financial markets.
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Euro Implosion?
The 5-Min. Forecast quotes Rob Parenteau as saying this is prelude to major banking crisis. Parenteau is predicting Euro/$ equivalency will result. He says we are on the verge of a Eurozone implosion.
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Australia, NZ dlrs climb on yen after Japan PM quits
The Australian and New Zealand dollars rose on the yen on Wednesday after Japan's Prime Minister Yukio Hatoyama quit, while data showing Australia's economy was still on a firm foot helped at the margin.
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USD gains on European banks concern
The dollar extended gains against the euro on Tuesday as the market was concerned about the health of European banks.
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Yen weakens as Japan leader resigns
The Japanese yen edged lower against both the U.S. dollar and euro Wednesday afternoon in Asia, pressured as currencies traders pored over news of Prime Minister Yukio Hatoyama's resignation.
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Jewelry sales slide as gold value rises
Gold closed Tuesday, June 1, at a two-week high of 1,226.90 an ounce, just a few dollars below the record price of $1,243.10 on May 12. The soaring costs have slowed gold jewelry sales.
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Daily Economic Roundup - June 2, 2010
As expected after a long weekend, the FX market came back into life yesterday. The day began with a strong dollar rally, which promptly faded when the US trading session kicked in. Is this ranging behavior we're seeing?
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Key Says Aussie to Beat Kiwi Dollar on Carry Trade
New Zealand Prime Minister John Key, the former head of foreign exchange at Merrill Lynch & Co., said the nation’s currency may fail to keep pace with gains in the higher-yielding Australian dollar.


