Home NewsForex Market News depreciated and turned up to close at 29.908 yuan in light trading in the foreign exchange market | Anue Juheng-Forex

depreciated and turned up to close at 29.908 yuan in light trading in the foreign exchange market | Anue Juheng-Forex

by WOOWinvest
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depreciated and turned up to close at 29.908 yuan in light trading in the foreign exchange market | Anue Juheng-Forex


Investors waited to see the Fed’s interest rate hike this week, and the foreign exchange market was deserted. The exchange rate of the New Taiwan dollar against the US dollar fell to 29.96 yuan in early trading today (25), and the strength of foreign exchange selling gradually emerged in the afternoon. , to close at 29.908 yuan, with a total transaction value of 980.5 million US dollars in Taipei and Yuantai foreign exchange markets.

The exchange rate of the New Taiwan Dollar against the U.S. dollar has been fluctuating in a range recently, wandering around the 29.9 yuan mark. The central bank intervened in a timely manner to provide support for the Taiwan dollar. It is still standing before the 30 mark. The trend gradually converged, rising to a maximum of 29.895 yuan and closing at 29.908 yuan, an appreciation of 0.8 points. The transaction value of the Taipei foreign exchange market was 627 million US dollars, and the Yuantai foreign exchange market transaction value was 353.5 million US dollars.

The US Federal Reserve (Fed) is about to announce the latest interest rate decision this week. Taiwan stocks traded lightly today, falling nearly 100 points at one point. Electronic weight stocks were suspended, and shipping stocks were also weak. However, financial, plastic, steel, etc. The ethnic group played an important role in supporting the market, driving the decline of the weighted index to converge. At the end, it fell slightly by 13 points to close at 14,936 points, holding the 5-day line, and the transaction value was only 182.3 billion yuan. Foreign capital continued to sell over 1.513 billion yuan.

Observing the exchange rate performance of major currencies against the US dollar, according to the statistics of the central bank, the US dollar index fell 0.58% today, the yen rose 0.87%, the euro rose 0.54%, the Singapore dollar rose 0.34%, the RMB rose 0.16%, the New Taiwan dollar rose 0.03%, the Korean won then depreciated by 0.05%.

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

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