Home NewsForex Market News resisted depreciation and rescued in late trading, down 1.53 horns and closed at 31.818 yuan | Anue Juheng-Forex

resisted depreciation and rescued in late trading, down 1.53 horns and closed at 31.818 yuan | Anue Juheng-Forex

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resisted depreciation and rescued in late trading, down 1.53 horns and closed at 31.818 yuan | Anue Juheng-Forex


Although the U.S. dollar index soared and then pulled back, non-U.S. currencies plunged, the pound broke the bottom, and the Taipei stock exchange market also staged a great escape today (26). The resistance to depreciation entered the market to restrain the decline, but it still fell 1.53 points at the end to close at 31.818 yuan. The transaction amount of Taipei Foreign Exchange Brokerage Company was 1.224 billion US dollars.

The Federal Reserve’s (Fed’s) rate hike deepened the market’s worries about a global economic recession, causing investors to increase their risk awareness, and the panic index VIX rose to a three-month high. It closed at 13778.19 points, plummeting 340.19 points, among which, foreign capital sold more than 7.845 billion yuan, which has been sold four times in a row.

U.S. bond yields and the U.S. dollar soared, foreign capital continued to remit, and the New Taiwan dollar exchange rate continued to fall. It set a new low record, but the decline converged in late trading to close at 31.818 yuan.

Analysts at Wells Fargo predict that the strength of the US dollar may continue until early 2023, with all non-US currencies falling, and the pound breaking the bottom and hitting a record low; Unable to hold back, the bank announced today that it will increase the foreign exchange risk reserve ratio for forward foreign exchange sales from September 28, but the market does not seem to appreciate it, and both the onshore and offshore RMB fell below 7.15.

New Taiwan dollar against the US dollar trend. (Picture: Juheng.com)

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