Home NewsForex Market News stocks and Huiqiang rose more than 1 point, challenging to recover the 28.5 yuan barrier | Anue Juheng-Forex

stocks and Huiqiang rose more than 1 point, challenging to recover the 28.5 yuan barrier | Anue Juheng-Forex

by WOOWinvest
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The US Federal Reserve (Fed) raised interest rates by 1 yard as expected, and the uncertainty factor was eliminated, which led to the return of market confidence. Taipei stocks rebounded strongly today (17). Line, the New Taiwan dollar against the US dollar also rose more than 1 point in early trading, challenging to recover the 28.5 yuan integer level.

Taipei’s foreign exchange market has recently experienced massive remittances from foreign capital, and the exchange rate of the New Taiwan dollar has been depreciating. The exchange rate got rid of the declining trend today, breaking through the 28.6 yuan barrier in one fell swoop, reaching a maximum of 28.508 yuan, appreciating 1.17 horns, and the exchange rate was quite active.

The U.S. stock fee and half index soared 5% on Wednesday, encouraging Taiwan stocks to strengthen today. TSMC and MediaTek are making strong gains. The stock king, Sili-KY, lights up the daily limit more directly. It rose more than 460 points and once stood at the 17,400-point barrier, recovering the short-term average and the annual line.

Observing the trend of major Asian currencies today, the Taiwan dollar rose 0.41% in early trading and was the strongest among Asian currencies. The Korean won appreciated by 0.15%, the Singapore dollar rose by 0.1%, the RMB rose by 0.07%, and the Japanese yen depreciated by 0.03%.

The Federal Open Market Committee (FOMC) ended its two-day interest rate policy meeting. As expected, the Federal Reserve (Fed) announced a one-size-fits-all rate hike, the first rate hike in more than three years, and hinted at the remaining six interest rate meetings this year. In addition, the US GDP growth rate for this year is estimated to be reduced to 2.8%, while the inflation forecast has been revised up to 4.1% from the previous 2.7%.

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

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