Vietnam Dong advance.

The Socialist Republic of Vietnam is the easternmost country on the Indochina Peninsula in Southeast Asia.


With a population of over 89 million, Vietnam is the 13th most populous country in the world.
Lately the country's currency,the Vietnam Dong advanced to a two- month high on speculation the supply of dollars has increased after the government capped deposit rates for accounts denominated in the US currency. government bonds gained.
The country now has an "abundant" supply of dollars as individuals and companies have been selling about $10 million to $15 million a day to banks, the government said in a statement on its website yesterday.
The State Bank of Vietnam imposed a 3 percent ceiling on the dollar-deposit rates banks could offer to individuals, which took effect April 13. Dong accounts offer interest as high as 14 percent.


The dong gained 0.5 percent, to 20,540 per dollar as of 4:01 p.m. in Hanoi, according to prices from banks compiled by Bloomberg. That was the strongest level since February 10.
The country's exports earned $7.3 billion in April, down by $150 million from the previous month, according to the Ministry of Industry and Trade (MoIT). The ministry said price increases helped raise the export turnover by over $2 billion. The nation's import value reached $8.7 billion in April, down slightly from March's figure, bringing the total import turnover in the first four months of the year to $31.83 billion, a year-on-year increase of 29.1 percent.
As a result, the country's trade deficit for the January-April period was estimated at nearly $4.9 billion, up 6 percent in comparison with the same period last year.
Meanwhile Moody's Investors Service Inc. said its negative outlook on Vietnam reflects balance of payments uncertainty, with any change contingent on recent tightening measures arresting inflationary pressures and containing the volatile exchange rate.
The ratings agency also warned, however, that the rating could face further downward pressure if there was continuing erosion of the Southeast Asian nation's foreign-exchange reserves estimated at $12.2 billion at the end of 2010, compared with a peak of $25.8 billion in February 2008.

Tracking the Dow,Friday 29/04/11.
Economic Report:Personal Income,Employment cost Index,Chicago PMI,Consumer sentiment,Farm Price & Bernanke speaks.
Asian Index Futures expires .

9:30am:--Bullish 30.0 points gap up.Economic data has been very positive .
10:30am:--Holding at near session high.No sign of opening gap being filled.Caterpillar were up 2.8 percent after it reported a record first-quarter profit on strong demand.
11:30am:--Another session high confirming bulls in control.
12:30pm:--Bulls charging to another double top.Shooting star warning.
1:30pm:--Dark clouds hanging near morning's high.
2:30pm:--A pullback to the bull's support line.Hammer pattern noticed.Any technical rebound here is a trap.
3:30pm:--Inverted bulls prevented profit-takers from pulling it to the MAV support line.
4:00pm:--A bearish graveyard doji closing.
Better-than-expected earnings helped lift the Dow Jones Industrial Average to its highest closing level in early three years.
[Federal Reserve Chairman] Ben Bernanke, vows to keep interest rates low forever, or at least for awhile and this will further booost the Dow index. Although the Fed said there would be no new quantitative-easing program,the low interest regime will be the powertool to spearhead the US economy back into a strong footing.