Home NewsForex Market News depreciated by 1.63 points and fell by 3.98 points in a single week. It is not ruled out that it will drop to the 32 yuan mark | Anue Juheng-Forex

depreciated by 1.63 points and fell by 3.98 points in a single week. It is not ruled out that it will drop to the 32 yuan mark | Anue Juheng-Forex

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depreciated by 1.63 points and fell by 3.98 points in a single week. It is not ruled out that it will drop to the 32 yuan mark | Anue Juheng-Forex


The US hawks are more firm in raising interest rates. Taiwan stocks opened lower today (16), and foreign capital sold more than 17.414 billion yuan, causing double losses in stocks and foreign exchange. In particular, the Taipei foreign exchange market closed at 31.293 yuan against the US dollar today, down 1.63 yuan. Corner has been depreciated four times in a row, with a heavy price of 3.98 points in a single week, with a turnover of 1.499 billion US dollars.

The volume of Taiwan stocks increased and fell 108 points to close at 14561.76 points. Foreign sales exceeded 17.415 billion yuan. For three consecutive days, Taiwan stocks have been out of Taiwan. Taiwan stocks have recently lost all moving averages. The upward pressure is heavy, and the Asian currencies are depreciating, the capital is not good for Taiwan stocks, and the index still has the risk of continuous decline.

With the U.S. inflation rate rising more than market expectations in August, many voices predicted that the Federal Reserve will raise interest rates next week, which may increase by 4 yards at a time. Panic has accelerated the flow of funds to the U.S. dollar. After the yuan and the Korean won broke the bottom one after another, the offshore renminbi has been in violation for more than 2 years. Yesterday, it sharply depreciated to break the 7 yuan to 1 dollar mark, and the onshore renminbi also fell below the 7 yuan integer price today.

The weakness of the Asian currency has also brought the Taiwan dollar into the ranks of depreciation. The New Taiwan dollar opened at 31.15 yuan against the US dollar today, and the lowest fell to 31.36 yuan. Although the decline in the late session was slightly restrained, it still depreciated by 1.63 points and closed at 31.293 yuan. , has received 31 for three consecutive days. Under the pressure of capital remittance, not only 30 yuan cannot be returned in the short-term, but 31 yuan has been established as a normal state. If the United States raises interest rates aggressively, it is not ruled out that it will drop to 32 yuan.

New Taiwan dollar against the US dollar trend. (Picture: Juheng.com)

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