Home NewsForex Market News appreciation strength is limited and can close at 29.914 yuan in a downturn | Anue Juheng-Forex

appreciation strength is limited and can close at 29.914 yuan in a downturn | Anue Juheng-Forex

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appreciation strength is limited and can close at 29.914 yuan in a downturn | Anue Juheng-Forex


Several Fed officials came out to appease the market one after another, suggesting that the next rate hike 3 yards is enough, so that the dollar’s rise temporarily paused. The trading was deserted, and the strength of appreciation was limited. At the end, it closed at 29.914 yuan, an appreciation of 3.2 points. The total transaction value of the Taipei and Yuantai foreign exchange markets was only 881.5 million US dollars.

After the New Taiwan dollar depreciated to a new low of more than 25 months against the US dollar last Friday, it opened at 29.93 yuan today, and once rose to 29.905 yuan, an appreciation of 4.1 points, but the exchange rate failed to continue, unable to stand back at 29.8, and finally rose. 3.2 points to close at 29.914 yuan, the transaction volume of the Taipei foreign exchange market was 609 million US dollars, and the transaction volume of the Yuantai foreign exchange market was 272.5 million US dollars. The transaction volume of the two markets can be sluggish.

After the United States released the June inflation data report, the market was worried that the Federal Reserve might raise interest rates by 4 yards (100 basis points) to stabilize inflation. However, officials came out to appease the market one after another. James Bullard and Raphael Bostic, the dovish representative, agreed, suggesting that the next rate hike of 3 yards (75 basis points) is enough.

In terms of Taiwan stocks, due to the return of the confidence of the market bulls, today, under the popularity of the electronic and financial double arrows, the tourism stocks made a strong move. In addition, TSMC made an assist in the late session. The weighted index rose by 169 points at the end, closing at the highest of 14719. However, the three major legal entities are in opposition to each other, and the foreign capital sold a small amount of over 467 million yuan, which is two consecutive sales.

Looking at the performance of major currencies against the US dollar today, according to the statistics of the central bank, the US dollar index fell back by 1.08%, the euro rebounded strongly by 1.18%, the Korean won rose by 0.66%, the Japanese yen and the Singapore dollar rose by 0.59% and 0.57% respectively, the RMB also appreciated by 0.11%, and the New Taiwan dollar It was relatively weak, up only 0.11%.

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

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