Home NewsForex Market News tested the 30 yuan mark for 7 days in a row and closed at 29.99 yuan | Anue Juheng-Forex

tested the 30 yuan mark for 7 days in a row and closed at 29.99 yuan | Anue Juheng-Forex

by WOOWinvest
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tested the 30 yuan mark for 7 days in a row and closed at 29.99 yuan | Anue Juheng-Forex


Foreign capital has recently sold over Taiwan stocks slightly and favored remittances. The exchange rate of the New Taiwan dollar against the US dollar has tested the 30 yuan mark during the session for the seventh consecutive day, but the central bank has a strong attitude to defend the exchange rate. Returning to the beginning of 29, it ended at 29.99 yuan, a slight increase of 0.6 cents. The transaction volume of the Taipei foreign exchange market can be sluggish, only 752 million US dollars.

The exchange rate of the New Taiwan dollar against the US dollar has been testing 30 yuan in the intraday for the seventh consecutive day. The market has a strong wait-and-see atmosphere. Today, the exchange rate reached the highest of 29.986 yuan and the lowest of 30.033 yuan. The transaction value of the Taipei foreign exchange market was 752 million US dollars, and the transaction value of the Yuantai foreign exchange market was 357.5 million US dollars.

The U.S. released unexpectedly strong non-farm payrolls for July last Friday. Total employment and the unemployment rate both returned to pre-pandemic levels, alleviating concerns about an economic recession and boosting expectations that the Federal Reserve will raise interest rates more aggressively. Turning attention to corporate earnings, and the latest inflation data due on Wednesday.

Taiwan stocks were under pressure in early trading today and fell below the Wanwu level. However, the bulls launched a counter-offensive in the second half. Shipping and finance played a key role in supporting the market. The decline of electronic weight stocks also converged. The weighted index rose 29 points at the end to close at 15050 points. Hold the 5th and 10th line. The three major legal entities presented a pair of local and foreign counterparts, with foreign capital continuing to sell over 3.916 billion yuan, and Iowin wrote the second longest record in the history of 33 consecutive purchases.

Observing the performance of major currencies against the U.S. dollar today, according to the central bank’s statistics, the U.S. dollar index fell slightly by 0.13%, the Korean won appreciated by 0.14%, the Japanese yen, RMB, and the euro appreciated by about 0.06-0.08%, the New Taiwan dollar rose slightly by 0.02%, and the Singapore dollar was flat. walk.

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

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