Home NewsForex Market News In the afternoon, pigs and sheep changed color and all the gains were taken back and fell to 29.622 yuan | Anue Juheng-Forex

In the afternoon, pigs and sheep changed color and all the gains were taken back and fell to 29.622 yuan | Anue Juheng-Forex

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<Taiwan Dollar> In the afternoon, pigs and sheep changed color and all the gains were taken back and fell to 29.622 yuan | Anue Juheng-Forex


The US dollar index fell sharply on Monday. The exchange rate of the New Taiwan dollar rose to 29.5 today (24), hitting a new high for more than two weeks. It depreciated slightly by 0.2 cents to close at 29.622 yuan. The transaction value of Taipei and Yuantai foreign exchange market was 1.204 billion US dollars.

Under the successive rebounds of the RMB and the euro, the exchange rate of the New Taiwan dollar against the US dollar has been rising for several days. Today, it reached a maximum of 29.58 yuan, an appreciation of 4 points. However, after the dollar buying appeared in the afternoon, the exchange rate turned sharply downward and depreciated by 0.2 points, closing at 29.622. Yuan, the transaction value of the Taipei foreign exchange market was 841 million US dollars, and the transaction value of the Yuantai foreign exchange market was 363 million US dollars.

Taiwan stocks opened higher and lower today, and once stood at 16,200 points in early trading. With the emergence of selling pressure on electronic stocks, finance and shipping were also unable to support the market. The decline expanded in late trading, and the weighted index directly broke through the support of Wanliu and the 5th and 10th day lines. At the end, it fell 192 points to close at 15,963 points, the transaction value was only about 208 billion yuan, and foreign backhand sales exceeded 8.06 billion yuan.

European Central Bank President Christine Lagarde said that the euro zone deposit rate is expected to get out of the negative range by the end of September. If inflation continues to stabilize at 2%, the central bank may further raise interest rates. This news encouraged the euro to bounce more than 1% against the dollar .

Observing the performance of major Asian currencies against the US dollar, according to the statistics of the central bank, the US dollar index fell by 0.77%, the euro rose by 1.23%, the Japanese yen and Singapore dollar rose by 0.24% and 0.2% respectively, the Korean won fell by 0.17%, the RMB fell by 0.08%, and the New Taiwan dollar showed a slight depreciation.

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

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