The US FED has cut its base interest rate once again from 3% to 2.25%, which is believed to affect domestic enterprises’ operation and greenback holders.

This FED move to cut base interest rate is expected to bring positive effects to the market as people can see that American people are firmly determined to save the national economy, and they believe that the world’s biggest economy may recover by the end of the year.

US’s interest rates down, Vietnam’s rates up

In principle, when the US FED cuts interest rates, the interest rates will decrease in all other markets of the world. However...
Full story: Vietnam Business Finance: FED slashes US$ interest rate, dollar price bounces back?