Home NewsForex Market News tested the 30 yuan mark for 3 consecutive days and closed at 29.99 yuan in small increments | Anue Juheng-Forex

tested the 30 yuan mark for 3 consecutive days and closed at 29.99 yuan in small increments | Anue Juheng-Forex

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tested the 30 yuan mark for 3 consecutive days and closed at 29.99 yuan in small increments | Anue Juheng-Forex


Fed officials once again released hawkish remarks, driving the dollar to rebound and the yen to depreciate. In addition, US House Speaker Nancy Pelosi’s visit to Taiwan triggered turmoil in Taipei’s stock exchange. The Taiwan dollar tested the 30-yuan mark again in the intraday session. As the stock market pulled back, exporters and the central bank jointly supported the exchange rate to return to the beginning of 29, closing at 29.99 yuan, a slight increase of 0.6 points, and the end of three consecutive depreciations.

Recently, foreign capital has actively remitted to avoid the limelight. The NTD exchange rate has depreciated below the 30 yuan mark for the third consecutive day. However, exporters waited for the opportunity to enter the market to sell foreign exchange, and the central bank took action to prevent the depreciation, so that the exchange rate closed strongly and returned to 29 digits.

The New Taiwan dollar opened at 30.020 yuan against the U.S. dollar today, the lowest was 30.026 yuan, depreciated by 3 cents, and ended at 29.99 yuan, with an appreciation of 0.6 cents. 413 million US dollars, a total of 1.339 billion US dollars, the amount of energy has shrunk significantly compared with the previous day.

Taiwan stocks once fell below 14,700 points today, back-tested the monthly support, and then hovered around the flat market. Today, the mainstream is not obvious, and the financial industry and the production industry went up and down. However, TSMC pulled sharply in late trading, and major electronics stocks also turned red , the weighted index rose 29 points to close at 14,777 points, and foreign sales exceeded 6.115 billion yuan, which was three consecutive sales.

Observing the performance of major currencies against the US dollar, according to the statistics of the central bank, the US dollar index rose 0.48% today, the yen fell 1.79%, the euro depreciated 0.48%, the Korean won depreciated 0.43%, the Singapore dollar depreciated by 0.08%, the RMB appreciated by 0.07%, and the New Taiwan dollar also rose slightly.

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

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