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Vietnam central bank says global risks complicate policymaking

Global risks are putting pressure on the Vietnamese central bank's policy management, deputy governor Pham Thanh Ha said at a press conference on Thursday.Ha added that the dong currency has been under pressure as the U.S. dollar strengthens, and the central bank was stabilising the foreign exchang…

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Forex

Shanghai offers warmer welcome to China startups

By Ka Sing ChanGiants like the $274 billion Contemporary Amperex Technology SZSE:300750 and Luxshare Precision Industry SZSE:002475 are leading the wave of mainland-listed firms seeking a second trading home in Hong Kong, which offers access to hard currency and global investors. Startups already t…

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StocksCN
NEWS reuters

Palm oil may test resistance at 4,587 ringgit

Palm oil (FCPOc3) may test resistance at 4,587 ringgit per metric ton, a break above which could lead to a gain into the 4,604-4,619 ringgit range.A small wave c from 4,632 ringgit seems to have stopped around a key support at 4,513 ringgit, its 61.8% projection analysis.The pause indicates a compl…

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Futures

Thai baht/US dollar steady on Thursday

The Thai baht FX_IDC:USDTHB was little changed against the U.S. dollar on Thursday.At 0205 GMT, the baht was 0.03% higher at 33.33 versus the dollar, after trading in a range of 33.320 to 33.385. It ended the previous session at 33.34 per dollar, as per LSEG data.For a more detailed report on emer…

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Forex
reuters

Brent oil may fall toward $66.08-$68.31 range

Brent oil ICEEUR:BRN1! may fall toward a range of $66.08-$68.31 per barrel, as suggested by a projection analysis.The analysis reveals a break below a support at $71.91, the 400% projection level of a downtrend from $109.69. The break, after several day's consolidation, confirms a continuation of t…

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Futures
NEWS reuters

Australia trade swings to $2.1 billion deficit in May, largest since 2015

Australia's balance on goods trade in May unexpectedly swung to the largest deficit in over a decade, data showed on Thursday, as exports of gold and iron ore fell sharply.The Australian Bureau of Statistics reported the balance on goods recorded a deficit of A$3.0 billion ($2.07 billion) in May, c…

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Economy