Home NewsForex Market News shares rose to close at 29.942 yuan and reached a 2-week high | Anue Juheng-Forex

shares rose to close at 29.942 yuan and reached a 2-week high | Anue Juheng-Forex

by WOOWinvest
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shares rose to close at 29.942 yuan and reached a 2-week high | Anue Juheng-Forex


Inflation in the United States is showing signs of cooling down, and the market expects that the pace of interest rate hikes by the Federal Reserve is expected to slow down. Taipei stocks have risen in succession today (11), and foreign capital has returned to buy 14 billion yuan of Taiwan stocks and remitted them, pushing up the broader market. At 258 points, the exchange rate of the New Taiwan dollar against the US dollar once rushed to 29.928 yuan, and finally appreciated 5.5 cents to close at 29.942 yuan, a high point in the past two weeks.

The exchange rate of the New Taiwan dollar against the US dollar broke away from the consolidation pattern and followed the strength of the Asian currency. Today, it reached a maximum of 29.928 yuan, an appreciation of 6.9 points. The central bank can also relax a little under the pressure of stabilizing the exchange rate. The final exchange rate closed at 29.942 yuan, an appreciation of 5.5 points, and the Taipei foreign exchange market was traded. Amount of 1.18 billion US dollars.

Observing the performance of major currencies against the US dollar today, according to the statistics of the central bank, the US dollar index fell 1.21%, the yen rose 1.89%, the euro also rose 1.13%, the Singapore dollar rose 0.61%, the Korean won rose 0.57%, the RMB rose 0.28%, and the Taiwan dollar rose 0.28%. rose 0.18%.

U.S. stocks closed higher on Wednesday, Taiwan stocks regained their confidence in buying today, electronic weight stocks rebounded, TSMC and Hon Hai led the upswing, and finance and industry were also flourishing. , hit a new high in nearly one and a half months. Foreign capital returned to buy 14 billion yuan, ending the overselling for 3 consecutive trading days.

Due to the sharp drop in gasoline prices, the annual growth rate of the US consumer price index (CPI) in July was 8.5%, a sharp drop from the previous value of 9.1%.

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

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