Home NewsForex Market News 〈Taiwan dollar〉 decoupling from Asian currencies and closing at 30.685 yuan for 3 consecutive depreciations |

〈Taiwan dollar〉 decoupling from Asian currencies and closing at 30.685 yuan for 3 consecutive depreciations |

by WOOWinvest
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〈Taiwan dollar〉 decoupling from Asian currencies and closing at 30.685 yuan for 3 consecutive depreciations |


The market is waiting for the regular meeting of the U.S. Federal Reserve next week. Taipei stocks both weakened today (8). The depreciation trend was slightly restrained, closing at 30.685 yuan, a depreciation of 2.3 cents, the 3rd depreciation in a row, and a low point of more than a week. The total turnover of the Taipei and Yuantai foreign exchange markets was 1.401 billion US dollars.

The exchange rate of the New Taiwan dollar rose slightly at 30.64 yuan today, and then fell into a concussion consolidation trend. It once fell to 30.713 yuan in the intraday session, but the depreciation did not further expand. It finally depreciated by 2.3 cents and closed at 30.685 yuan to 1 US dollar. Taipei foreign exchange The market transaction value was 912 million US dollars, and the Yuantai foreign exchange market transaction value was 489 million US dollars.

The trend of Taiwan stocks continued to weaken today, falling more than 160 points at one point, breaking through the monthly line support, bulls fell into wait-and-see, electronics and finance were unable to support the market, although tourism and power concept stocks attracted buyers, the weighted index still fell 76.97 points at the end of the session. At 14553.04 points, the transaction value shrank to 181.7 billion yuan. Foreign investors withdrew 9.054 billion yuan in Taiwan stocks, which was oversold for 3 consecutive trading days.

The U.S. Federal Reserve will hold a regular meeting next week. The market generally expects to raise interest rates by 2 yards (50 basis points). monthly rate increase.

Observing the performance of major currencies against the U.S. dollar, according to central bank statistics, the U.S. dollar index fell 0.51% today, the euro rebounded 0.63%, the Japanese yen also appreciated 0.52%, the Korean won and the Vietnamese dong rose 0.28% and 0.25% respectively, the Singapore dollar rose 0.17%, and the Chinese yuan rose 0.17%. It also rose 0.12%, with the New Taiwan dollar depreciating alone by 0.07%.

New Taiwan dollar recent exchange rate trend. (Picture: Juheng.com)

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