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Update news EURO
The euro took a knock in Asia as investors kept an anxious eye on an independence vote in Spain’s Catalonia, although surprisingly strong economic news out of China and Japan offered support to equities and commodities.
Concerns about a Greek bailout, early Italian elections and comments by the European Central Bank chief about the need for continued stimulus all kept the euro under pressure on Tuesday.
Local exporters are seeing their products exported to the European market less competitive as the euro has dipped against the US dollar due to the Greece debt crisis.
VietNamNet Bridge - The news from Greece has affected the world market, but the Vietnamese stock market remained stable thanks to good news about the unlimited foreign ownership ratio in Vietnamese companies.
VietNamNet Bridge - The predictions about the recovery of the global economy in 2015 have greatly cheered Vietnamese businesses, but the stronger dollar has dashed their hopes.
VietNamNet Bridge - The depreciation of the euro against the greenback amid a struggling European economy has begun to worry Vietnamese exporters.
The repeated drops in the value of the Euro in 2014 proved advantageous for companies that conduct a sizeable proportion of lending in the currency, thus boosting their profits.
The value of the euro has fallen to its lowest level since the middle of 2010, following comments from Mario Draghi, the president of the European Central Bank (ECB).
VietNamNet Bridge – The price fluctuations of the US dollar, euro, Japanese yen and Korean won have helped many businesses prosper and hurt others.
The European Central Bank (ECB) on Monday unveiled new 10-euro banknotes which will enter into circulation on Sept. 23 this year.