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.
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
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.
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.
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...
