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Euro trades higher in volatile session on ECB plan

Sep 07, 2012, 12:36 AM (GMT+7)
REUTERS – The euro traded higher against the U.S. dollar on Thursday after the European Central Bank unveiled a new and potentially unlimited bond-buying program to stem the euro zone debt crisis. Investors have been anticipating the plan for weeks and the details European Central Bank President Mario Draghi announced at a news conference were largely in line with expectations. Draghi gave few... 

Euro at 3-week high vs dollar, Japan data lifts Nikkei

May 31, 2011, 2:41 PM (GMT+7)
The euro hit a three-week high versus the dollar on Tuesday on a report that Germany could make concessions on efforts to put together a bailout for Greece, while Japanese shares rose on data suggesting industrial activity has begun to recover from a March earthquake. The euro rose to $1.4407, its highest in three weeks, supported by a Wall Street Journal report that Germany was considering dropping... 

Dollar weakens against euro in Asia

May 05, 2011, 9:05 AM (GMT+7)
The dollar weakened against the euro in Asian trade Thursday as bearish US economic data fuelled expectations that the Fed would maintain low interest rates this year, analysts said. The euro bought $1.4843 in morning Asian trade compared to $1.4827 in New York on Wednesday. The euro traded at 119.68 yen from 119.79 a day ago, and the greenback exchanged hands at 80.62 yen from 80.58. The dollar had... 

New policies to ease disparity in foreign currency market

Mar 26, 2011, 10:10 AM (GMT+7)
Barriers for trading foreign currencies are expected to be partially removed by revised policies from the Government and the central bank. Recently, the State Bank of Vietnam (SBV) proposed solutions to the Government for the problems in the trade of foreign currency, because the official market has not been able to meet real demand. According to SBV, commercial banks and financial institutions should... 

Dollar drops to four-month low against euro

Mar 05, 2011, 9:56 AM (GMT+7)
The dollar sank to a four-month low against the euro Friday as traders bet on the European Central Bank to raise interest rates next month. A better-than-expected US February jobs report pointed to recovery in the struggling labor market, but only from a still severely depressed level. The euro rose to $1.3979 around 2200 GMT from $1.3965 at the same time Thursday. The common European currency, which... 

Falling euro affects Vietnam’s export to the EU

May 21, 2010, 4:17 PM (GMT+7)
HCMC – The weak euro and strong dollar has caused delays in contract negotiations for Vietnam’s exports to the European Union, said Truong Dinh Hoe, general secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP). “We offer products with prices in dollars but now that the dollar has strengthened while the euro has weakened, our EU partners want lower prices. Therefore,... 
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