Home NewsForex Market News The central bank keeps an eye on the depreciation of the exchange rate and closes at 29.769 yuan | Anue Juheng-Forex

The central bank keeps an eye on the depreciation of the exchange rate and closes at 29.769 yuan | Anue Juheng-Forex

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<Taiwan dollar> The central bank keeps an eye on the depreciation of the exchange rate and closes at 29.769 yuan | Anue Juheng-Forex


Affected by the sharp drop in U.S. stocks, Taiwan stocks once fell more than 400 points today (19), and the final decline converged, holding on to Wanliu. Recently, the defensive strength has been strengthened to stabilize the foreign exchange. There was a strong foreign exchange selling force in the late session, which led to the decline of the depreciation. It ended at 29.769 yuan, a depreciation of 5.9 points. The total transaction value of the Taipei and Yuantai foreign exchange markets was 1.4765 billion US dollars.

Japan, South Korea, and Hong Kong stock markets sounded the air raid alarm again today. Taipei stocks and foreign exchange both plunged. The NTD exchange rate dropped to a low of 29.799 yuan during the session, depreciating 8.9 cents. The US dollar buying was quite active. , the New Taiwan dollar depreciated 5.9 cents at the end to close at 29.769 yuan, the Taipei foreign exchange market transaction value was 970 million US dollars, and the Yuantai foreign exchange market transaction value was 506.5 million US dollars.

In terms of Taiwan stocks, the weighted index once plummeted by more than 400 points, breaking through Wanliu and 15,900 points one after another, falling short of the short-term average. However, some electronic weight stocks were supported by buying, which led to the convergence of the index’s decline, and finally fell 276 points to close at 16020. point. The three major legal persons are the same sellers, with a total sales of over 17.262 billion yuan, and foreign backhand sales of over 13.619 billion yuan.

U.S. retailers’ poor earnings report once again raised concerns about the prospects for global economic growth and soaring inflation. U.S. stocks plummeted and the VIX panic index surged, driving demand for the safe-haven U.S. dollar. The U.S. dollar index rose above 103. All depreciated.

Observing the performance of major currencies against the US dollar today, according to the statistics of the central bank, the US dollar index rose by 0.04% today, the Japanese yen rebounded by 0.85%, the Korean won fell by 0.87%, the RMB fell by 0.23%, the euro fell by 0.22%, the Taiwan dollar fell by 0.2%, and the Singapore dollar fell by 0.2%. 0.14%, Asian currencies generally fell.

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

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