XM does not provide services to residents of the United States of America.
Reuters
Vietnam central bank says stands ready to intervene in forex mkt
Recast with forex intervention comments
HANOI, April 19 (Reuters) –Vietnam’s central bank is ready to immediately intervene the foreign exchange market in case of adverse impact on the economy from currency moves, its deputy governor said on Friday.
The State Bank of Vietnam (SBV), the central bank, will be flexible in its handling of the exchange rate, deputy governor Dao Minh Tu told a media conference, adding that rising import demand also put pressure on the dong currency.
He said the dong has weakened by 4.9% against the U.S. dollar this year.
Tusaid credit growth in the first quarter of this year was slow and measures have been taken to ensure sufficient credit for the economy.
Reporting by Khanh Vu; Writing by Phuong Nguyen; editing by John Mair
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.
