The latest inflation and trade data from Vietnam have yet to show improvement and this has triggered strong reaction from overseas investors. Sentiment is likely to remain cautious until there are convincing signs of turnaround in both sets of indicators. Meanwhile, the Vietnamese dong (VND) is likely to come under downward pressure as markets remain [...]
Entries Tagged as 'Asia and China'
Vietnam - Inflation and trade deficit staying high
May 28th, 2008 · No Comments
Tags: Asia and China
Chinese Yuan - May be moving on a NEER basis rather than just against the USD
May 14th, 2008 · No Comments
There has been much recent speculation that China has changed its FX policy and no longer wants a fast appreciation of the Chinese yuan (CNY). People who have this view use the recent consolidation in USD-CNY to support their case. However, a more detailed examination of CNY trading patterns against China’s major trading partners suggests [...]
Tags: Asia and China
China Monitor - May 08
May 7th, 2008 · No Comments
The slower pace of CNY appreciation has continued with a CNY/USD gain of only 0.35% since the beginning of April. Looking forward the current, more gradual pace could persist given the likely CPI moderation in 2Q and increasing signs of weaker export growth. April CPI, due next Monday, is expected to moderate slightly to about [...]
Tags: Asia and China