Home NewsForex Market News exchange rate was weak and closed at 29.938 yuan weekly and monthly double black | Anue Juheng-Forex

exchange rate was weak and closed at 29.938 yuan weekly and monthly double black | Anue Juheng-Forex

by WOOWinvest
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exchange rate was weak and closed at 29.938 yuan weekly and monthly double black | Anue Juheng-Forex

The Taipei stock exchange was decoupled from the trend today (29), Taiwan stocks rose more than 100 points, regained the 10,000 mark, and the exchange rate of the New Taiwan dollar against the US dollar weakened. , Taipei and Yuantai foreign exchange market turnover totaled 1.364 billion US dollars, the New Taiwan dollar and the Korean won were weak in the Asian foreign exchange market today.

The New Taiwan dollar turned black weekly, with a small depreciation of 0.07% this week;

After receiving dividends in Taiwan recently, foreign capital has been remitting funds one after another, which has put pressure on the NTD exchange rate. However, exporters have substantial demand for foreign exchange sales at the end of the month, which supports the exchange rate to stay before the 30 yuan mark. The NTD exchange rate is depreciated today. It closed at 29.938 yuan, depreciated by 1 cent. The transaction value of Taipei foreign exchange market was enlarged to 1.019 billion US dollars, and the transaction value of Yuantai foreign exchange market was 345 million US dollars.

US stocks rose for 2 consecutive days, and the US House of Representatives passed the chip bill, which assisted the strong performance of the semiconductor group in Taiwan stocks today. Shipping stocks simultaneously played an important role in supporting the market, driving the broader market up 108 points to close at 15,000 points, with a transaction value of 222.8 billion yuan. Foreign capital bought back more than 13.203 billion yuan.

The U.S. Federal Reserve (Fed) announced another 3-yard hike in interest rates, as expected by the market. However, the U.S. GDP fell by 0.9% in the second quarter, which was lower than the expected annual increase of 0.3%. The U.S. dollar weakened after the market speculated that the Fed might not raise interest rates as aggressively as previously expected.

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 by 0.51% today, the Japanese yen rose by 2.12%, the euro rose by 0.25%, the Singapore dollar rose by 0.25%, the RMB rose by 0.24%, the Taiwan dollar fell by 0.03%, the Korean won Also depreciated by 0.23%.

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

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