Home NewsForex Market News 29.6 was a flash in the pan, and more than half of the gains were taken to close at 29.71 yuan | Anue Juheng-Forex

29.6 was a flash in the pan, and more than half of the gains were taken to close at 29.71 yuan | Anue Juheng-Forex

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<Taiwan Dollar> 29.6 was a flash in the pan, and more than half of the gains were taken to close at 29.71 yuan | Anue Juheng-Forex


Taipei stock exchange rate today (18) both rose. Driven by the wave of foreign exchange selling, the exchange rate of the New Taiwan dollar against the US dollar rose to 29.6. Afterwards, the rise of the New Taiwan dollar exchange rate gradually converged, and the final appreciation was 2.2 cents to close at 29.71 yuan, which was still a one-week high. The total transaction value of the Taipei and Yuantai foreign exchange markets was 1.567 billion US dollars.

The international dollar continued to decline, and the exchange rate of the New Taiwan dollar against the US dollar continued yesterday’s strong rebound today. The highest intraday price reached 29.661 yuan, an appreciation of 7.1 points, the highest point since May 6, but US dollar buying gradually emerged in the afternoon, with more than half of the increase. Taking back, the final rose 2.2 points to close at 29.71 yuan, the Taipei foreign exchange market transaction value of 1.021 billion US dollars, the Yuantai foreign exchange market transaction value of 546 million US dollars.

US Federal Reserve (Fed) Chairman Powell said on the 17th that the Fed will continue to promote tightening monetary policy until inflation falls significantly, and stressed that it will support raising interest rates before prices begin to fall back to healthy levels, and does not rule out raising interest rates if necessary. pushed to the restrictive range. The dollar index has been lower for 3 consecutive days, slipping to a near 2-week low.

Inspired by the strong rebound of US stocks, Taiwan stocks are still led by electronic stocks today. Financial stocks also got rid of the decline and rebounded strongly, driving the weighted index to open higher and higher. In the end, it rose 240 points and closed at 16296 points. Standing on the ten-day line, foreign investment Going back to buy more than 11.19 billion yuan.

Observing the performance of major currencies against the US dollar today, according to the statistics of the central bank, the US dollar index fell 0.26%, the Korean won rose 0.66%, the euro rose 0.5%, the Singapore dollar rose 0.09%, the New Taiwan dollar rose 0.07%, the Japanese yen also rose 0.05%, and the RMB Depreciated by 0.07%.

The recent exchange rate trend of the New Taiwan Dollar. (Picture: Juheng.com)

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