24h Economy: Yen climbs new peak after 3 weeks; Gold price increases

Phương Anh |

Yen climbs new peak after 3 weeks; Gold prices increase; People in Ho Chi Minh City shop in the middle of the huge promotional season... are notable economic news in the past 24 hours.

Yen climbs new peak after 3 weeks

According to Lao Dong, on July 1, the Japanese Yen (JPY) continued to increase against the USD, trading near a three-week high.

Market confidence in the Yen was strengthened after the Bank of Japan's (BoJ) Tankan survey showed that business confidence of major producers improved for the first time in two quarters, reaching 13 in the second quarter, exceeding market forecasts.

Dong Yen giu da tang nho ky vong BoJ nang lai suat, bat chap cang thang thuong mai va USD suy yeu truoc them du lieu My. Anh: Phuong Anh
The Yen maintained its upward momentum thanks to expectations of a BoJ rate hike, despite trade tensions and a weakening USD ahead of US data. Photo: Phuong Anh

Businesses predict that consumer prices in Japan will continue to exceed the BoJ's target of 2% in the next 5 years, raising expectations that the BoJ will continue to raise interest rates in the coming time. See more...

easy-to-understand tax consultation: Effective solutions for business households with difficulty issuing electronic invoices

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Gold prices increase as USD weakens and US trade agreements become unstable

Gold prices increased on Tuesday as the US dollar weakened and increased uncertainty about US President Donald Trump's trade deals before the deadline of July 9, thereby boosting demand for gold. Expectations of the US Federal Reserve (FED) cutting interest rates also further supported the price of precious metals.

Gia vang tang nho dong USD suy yeu va lo ngai ve cac thoa thuan thuong mai My truoc han chot ngay 9.7 cua Tong thong Donald Trump. Anh: Phan Anh
Gold prices increased as the USD weakened and concerns about US trade agreements before President Donald Trump's deadline on July 9. Photo: Phan Anh

A weaker US dollar and concerns about the impact of Trumps failure to extend the deadline are supporting gold prices at the moment, said Nicholas Frappell, global director of held market segment at ABC Refinery.

The US dollar index (DXY) has fallen to its lowest level in more than three years, making gold cheaper for holders of other currencies. See more...

Ho Chi Minh City residents shop in the midst of the huge promotional season

Since the beginning of July, the shopping atmosphere at shopping malls such as Takashimaya, Vincom, AEON Mall, Saigon Centre... has become bustling. It is easy to see images of "Sale up to 70%", "Only from 99,000 VND" signs hanging red in front of many famous fashion stores such as Zara, H&M, Uniqlo, Mango...

Inside, a series of summer clothing stalls such as T-shirts, dresses, shorts, and accessories were simultaneously heavily discounted, attracting a large number of consumers to choose, try on clothes, and queue to pay.

Cac he thong ban le co nhieu chuong trinh khuyen mai hap dan. Anh: Ha May
Retail systems have many attractive promotional programs. Photo: Ha May

Supermarket systems in the city also joined the competition with a series of in-depth promotional programs. Lotte Mart has launched a series of attractive incentives such as buying 1 get 1 free, buying 2 for 1 fee, drawing for prizes... applied to more than 6,000 items, with discounts of up to 50%. The MM Mega Market system is also participating in the discount race, with incentives from 20-50% along with diverse gift combos.

Ms. Le Kim Ngan (living in Tan My ward), taking advantage of her lunch break to visit VivoCity shopping mall, said: I see that the companies have all reduced prices, some dishes are nearly half as cheap as usual. However, I only choose to buy a few necessary items for my family. At this time, you have to consider everything you buy. See more...

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TIN LIÊN QUAN

Yen appreciates, climbs to a 3-week peak

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The Yen maintained its upward momentum thanks to expectations of a BoJ rate hike, despite trade tensions and a weakening USD ahead of US data.

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Yen appreciates, climbs to a 3-week peak

Huyền Mai |

The Yen maintained its upward momentum thanks to expectations of a BoJ rate hike, despite trade tensions and a weakening USD ahead of US data.

24h Economy: It is likely that the Yen will continue to increase in price

Phương Anh |

Yen is likely to continue to increase in price; Securities waiting for good news about tariff policies... are notable economic news in the past 24 hours.

24h Economy: Gasoline prices are expected to drop sharply

Phương Anh |

Forecast of sharp decline in gasoline prices; The stock market waiting for an explosion of liquidity... are notable economic news in the past 24 hours.