Inflationary pressures in the U.S. gradually eased, leading U.S. stocks to close higher. The U.S. dollar continued to fall. The exchange rate of the New Taiwan dollar followed the Asian currencies today (13). It closed at 30.387 yuan, an appreciation of 7.1 cents, hitting a new high in 4 and a half months. The total turnover of the Taipei and Yuantai foreign exchange markets increased to US$1.7445 billion.
The exchange rate of the New Taiwan dollar closed up for the week, with a cumulative appreciation of 3.08 cents or 1% this week. It has risen three times in a row.
The exchange rate of the Taiwan dollar against the US dollar took a break yesterday, ending its 4 consecutive rises. Today, hot money flowed back again. After the exchange rate opened at 30.41 yuan, it immediately broke through the 30.4 yuan barrier, reaching a maximum of 30.31 yuan, an appreciation of as much as 1.48 yuan. Withdrawal, it closed at 30.387 yuan, an appreciation of 7.1 cents. The transaction value of the foreign exchange market in Taipei was 1.074 billion US dollars, and the transaction value of the foreign exchange market in Yuantai was 670.5 million US dollars.
In terms of Taiwan stocks, because TSMC’s report was in line with market expectations, the market once rose by 230 points, approaching the 15,000 mark. The final rally converged, rising 92.49 points to close at 14824.13 points. The three major legal persons are the same buyers, among which foreign capital bought 30.6 billion yuan.
Observing the performance of major currencies against the U.S. dollar, according to central bank statistics, the U.S. dollar index fell 0.94%, the Japanese yen rose 2.52%, the euro rose 0.79%, the Singapore dollar rose 0.67%, the renminbi also rose 0.62%, and the South Korean won and the New Taiwan dollar appreciated respectively. 0.36%, 0.23%, Asian currencies strengthened across the board.
The U.S. Consumer Price Index (CPI) increased by 6.5% year-on-year in December, and the core CPI increased by 5.7% year-on-year, both lower than expected and the previous value. On a monthly basis, December’s CPI fell 0.1% from the previous month, the first decline since May 2020, indicating that inflationary pressures in the United States have eased, which may prompt the Federal Reserve to further slow down the pace of tightening on February 1.
