This page has been archived and commenting is disabled.
Vietnam Can't Keep Currency Up - Devalues Dong 3rd Time This Year, Widened Trading Bands
Asian currency war contagion is spreading. Tonight's victim is the Dong with Vietnam 'devaluing' the reference rate (for the 3rd time this year) by 1% to 21,890 and also widened the trading bands from 2% to 3% (since the recently widened 2% band was already broken)...
- *VIETNAM CENTRAL BANK DEVALUES DONG BY 1%
- *VIETNAM DEVALUES DONG REFERENCE RATE TO 21,890 PER DOLLAR
- *VIETNAM CENTRAL BANK WIDENS DONG TRADING BAND TO 3% OF RATE
Chart: Bloomberg
»
- 14609 reads
- Printer-friendly version
- Send to friend
- advertisements -
can't keep the dong up?
If you want your dong devalued, get married.
The Dong should be pegged to the Baht, though only before Dinar. Rarely afterwards.
>>long duck dong
Or
>>Dong, duck, long!
??
http://youtu.be/Fjh3TxOHCxE
Is it wrong to spend a few dong so that the mai dam will drop her xa rong?
The dong is dung now.
I get plenty of pussy, just don't tell my wife.
I'm long dong
Not a good time to be holding the dong
Needed a wider Dong for a Long Time
Widening the spread on Sum Dum Chick or Yung Poon Tang will keep the dong up.
The Dong needs plunge 'protection'
So's who's long dong ?
And who's short dong ?
And who's stacking long dong silver ?
DING DONG! DING DONG! DING DONG!
ding!.
Vietnamese Joooos? Wow, what a sight.
It's absolutely astounding that ALL of the shills are so mentally defective as to use the same tell. "JOOS" is the best you retards can come up with?
Cut the Dong.
"VIETNAM CENTRAL BANK WIDENS DONG TRADING BAND"
Yeah, that's what a shrinking Dong will say every time. "If you would just tighten your policy, honey...."
Must need a Dong ring, helps with currency turgidity I've heard.
Nobody likes a weak dong.
Me love you long time!
Don't touch it - Stay away from the dong, it's going down.
I am Long the Dong.
Size matters.
My wife has never properly valued my dong.
I'll just add, there's nothing worse than a devalued dong.
This is exactly why I would never hold Dongs.
Those vietnam babes can't keep off you if you ever travel there. They want gringo dong bad.
5 dollah we go round the world, GI.
Ding Dong.
Who's there?
Bang Dai Ho.
Bang Dai who?
No, Bang Dai Ho.
Me no bang any Ho's here either! Dong got dinged, me no money!
So Long Dong
<dong>devalue</dong>
<dong>devalue</dong>
<dong>devalue</dong>
I see the VWAP line in the devaluation. I do it with currencies.
I see the step down, [deviation/sigma] variance.
The green solidstep down line is "standard deviation" probably based on standard 2%.(one sigma) The lower right axis line merges with the lower trading band, after crossing VWAP.
For anyone that cares? Paging Pfoney Star? VWAP is the inverse of Bollinger Bands.
VWAP although Tyler taught me some better indicators, represents the same movements that bands do, without all the mischief.
I've yet to find a leading indicator or oscillator better than the human eye.
This is the funniest group of comments I have read yet on ZH. lol
Is that seriously the name of their currency? Didn't they do a focus group before they picked that name? lol
Of course they did. Isn't it obvious what they were focusing on?
Sum ting wong.
Dong too lo.
Dammit! You beat me to it! LOL!
If there was a Nobel Prize for the inane, ZH comments would win every year. It does amaze me that ZH, a site dedicated to financial and economic news, attracts nothing but adolescent white boys. Amazing!
Yoo Dum Fuk Hu Wung Poo, Suk Mai Dong Tso Cum Tu Soon.
With set-up lines like this, Tylers could have written some good copy for the old comedy teams like Martin and lewis. The line could have read, " Vietnam devalues currency third time this year" but there wouldn't have been much response to that. Not complaining, just observing.
Abbott and Costello "Who's on the Dong?"
Fuk yu too marcon yu cum too soon oneey two two weak say pwofile.... no do /sarc tag. Awwo low is red take dat bwuatch!
"Dong that Dirham!" (as said in the UAE, with that Emirates Air "all-hookers-all-the-time" Ho-City RT)
Long dong silver.
At a nudist wedding it's easy to see who the best man really is.
A limp dong, oh my.
She no like.
Too easy. Pass.
The MPC is about to make one hell of a comeback over there.
They need a stronger dong? Just sell them a few F-35's and F-22's.
That'll fix that weak dong.
I thought vietnam should go the other way. Making dong stronger can buy more weapons.. Also make Chinese eat more expensive rice. China need to import rice from Vietnam to have enough food to eat. Best way to defeat your enemy is to starve them.
When I went there for as holiday and saw how much Dong I could get for 1$AUS I was amazed(I know what your thinking and no). Its like they've gone full Zimbabwe but held in suspended animation, not having their currency collapse.
The population also surprise surprise understand the value of storing their wealth in gold. Its funny when they emigrate to Australia they lose that understanding .Western nations are much more sophisticated in there methods financial manipulation helping most them forget those past lessons.
Too beaucoup.
I clicked on the thread for only one reason...to see if the posters on what i thought to be a fairly sophisticated financial blog would take the bait and the easy shot, or rise above it and act like men of sophistication and breeding...
Well, I got my answer....
Ok, now here's mine...
Bankers cant keep hands off Dong
The Dong also.rises...
Hey, this is fun
Sum Ting Wong with my Dong!
please Viet Nam, rename your currency the Fred or something! :-D
No Long Dong, it is Short Dong time.
Vietnamese women have said for years, Vietnamese dong is way overrated.
The Dong Fix can be painful.