Home NewsForex Market News Asian currencies can be fully reversed and the exchange rate can be frozen for 4 consecutive depreciations to 31.21 yuan | Anue tycoon – foreign exchange

Asian currencies can be fully reversed and the exchange rate can be frozen for 4 consecutive depreciations to 31.21 yuan | Anue tycoon – foreign exchange

by WOOWinvest
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Asian currencies can be fully reversed and the exchange rate can be frozen for 4 consecutive depreciations to 31.21 yuan | Anue tycoon – foreign exchange


The U.S. dollar index continued to rebound, and major Asian currencies generally fell today (21). The repeated outbreaks in China have put the renminbi under pressure to depreciate again. The New Taiwan dollar is also weak against the U.S. dollar. The low point in a week, the foreign exchange market in Taipei and Yuantai can be frozen, the total transaction value is only 863.5 million US dollars.

The New Taiwan dollar fell below the 31.2 mark against the U.S. dollar at the opening today, and some U.S. dollar buyers emerged, bringing the exchange rate down to 31.234 yuan, a depreciation of 6.4 cents. However, the market’s willingness to trade is not high. Closing at 31.21 yuan, the transaction value of the Taipei foreign exchange market shrank to 638 million US dollars, and the turnover of the Yuantai foreign exchange market was 225.5 million US dollars, which is far from the frenzy of hot money a few days ago.

Buying of Taiwan stocks fell into a wait-and-see situation today. Electronic weight stocks generally stalled. Industrial stocks such as automobiles and steel were supported. Small and medium-sized stocks such as games and biomedicine were also sought after by funds. The weighted index fell 55 points and closed at 14449 points. , the amount can be less than 180 billion yuan. The three major legal persons are simultaneously on the seller’s side, among which foreign capital has sold over 1.765 billion yuan, which has been oversold for 3 consecutive trading days.

Although China’s loan market quotation rate (LPR) remained unchanged, in line with market expectations, the epidemic continued to develop, and some cities such as Guangzhou and Shijiazhuang tightened their epidemic prevention policies. Beijing emphasized the need to prevent social transmission risks in key areas, and many companies chose to close. Market investors turned conservative, and the RMB exchange rate fell today.

According to statistics from the central bank, the U.S. dollar index rose 0.86% today. Looking at the performance of major currencies against the U.S. dollar, the euro fell sharply against the U.S. dollar by 1.17%, the Korean won fell 1.06% today, the renminbi also depreciated by 0.53%, and the yen depreciated by 0.72% simultaneously. The Singapore dollar and the New Taiwan dollar depreciated by 0.47% and 0.13% respectively, and Asian currencies weakened almost across the board.

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

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