The U.S. Federal Reserve decided to raise interest rates by 1 yard, in line with market expectations. Hot money returned to the Asian stock market. 29.9, 29.8, and 29.7 yuan three levels, the final increase slightly converged, closing at 29.7 yuan, an appreciation of 2.65 yuan, still writing a new high in more than 7 months, the total turnover of the Taipei and Yuantai foreign exchange markets was 2.348 billion US dollars.
Since the opening of the Year of the Rabbit, the exchange rate of the New Taiwan dollar has risen day by day. Foreign capital has continued to remit to buy stocks, pushing the New Taiwan dollar to the throne of the strongest Asian currency. It is also a big boost to push up the exchange rate.
The exchange rate of the New Taiwan dollar against the U.S. dollar has risen four times in a row. Today’s intraday high reached 29.658 yuan, a strong rise of 3.07 cents at one point, and finally closed at 29.7 yuan, a strong rise of 2.65 cents. It is still a new high since the end of June 2022. The transaction value of the foreign exchange market in Taipei 1.66 billion US dollars, Yuantai foreign exchange market transaction value 688 million US dollars.
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 0.94%, the Japanese yen rebounded 1.18%, the euro rose 1.04%, the Korean won also appreciated 0.9%, the New Taiwan dollar appreciated 0.89%, the Singapore dollar appreciated 0.59%, and the Chinese yuan Appreciation was 0.27%, and Asian currencies rose across the board.
The US Federal Reserve (Fed) announced a 1 yard (25 basis points) hike in interest rates after a two-day meeting on Wednesday, in line with market expectations. The statement still emphasized a high degree of concern about inflation risks, and almost did not give an interest rate hike cycle A signal of the end.