The trend of the Taipei stock market is different today (2). The NT dollar once appreciated by more than 8 cents against the US dollar, rushing to the 30.5 prefix. Wait and see, the New Taiwan dollar did not rise as much as other Asian currencies. It finally appreciated by 2.8 cents and closed at 30.605 yuan.
The New Taiwan dollar has risen for 4 consecutive weeks, with a cumulative appreciation of 3 cents or 0.97% this week.
The NT dollar exchange rate against the U.S. dollar opened at 30.62 yuan today, and then went up all the way. The intraday high reached 30.545 yuan, an appreciation of 8.8 cents. In the end, under the adjustment of the central bank, the upward trend converged and closed at 30.605 yuan, an appreciation of 2.8 cents. At the highest point since early September, the transaction value of the Taipei foreign exchange market was 1.211 billion US dollars, and the turnover of the Yuantai foreign exchange market was 463.5 million US dollars.
Following Fed Chairman Jerome Powell’s dovish message yesterday, the United States announced earlier that key inflation indicators fell significantly in October, increasing expectations that Fed interest rates will peak. The U.S. dollar index continued its weak trend on the 1st and hit a new low in more than three months , the market will then focus on the US inflation data in November, which will affect whether the Fed is moving towards a dovish route.
Taiwan stocks fluctuated and fell today. Although electronic stocks such as Hon Hai and Yageo received funds and ignited the market, the market once turned red, but Quanwang TSMC’s voltage plate, financial and plastic stocks were sluggish. The weighted index fell 42 points at the end, closing at 14970 points. The transaction value was 223 billion yuan. The three major legal persons sold for more than 3.049 billion yuan in total.
Observe the performance of major currencies against the U.S. dollar today. According to the statistics of the central bank, the U.S. dollar index fell by 0.99%, the euro rebounded by 1.21%, the yen also appreciated by 1.4%, the renminbi rose by 0.56%, the Singapore dollar appreciated by 0.49%, and the New Taiwan dollar rose slightly by 0.09%. The South Korean won depreciated 0.02 percent.