Home NewsForex Market News The double killing of stocks and foreign exchange once again depreciated below 30 yuan, the central bank took a shot and closed at 29.996 yuan | Anue Juheng-Forex

The double killing of stocks and foreign exchange once again depreciated below 30 yuan, the central bank took a shot and closed at 29.996 yuan | Anue Juheng-Forex

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The double killing of stocks and foreign exchange once again depreciated below 30 yuan, the central bank took a shot and closed at 29.996 yuan | Anue Juheng-Forex


US House of Representatives Speaker Nancy Pelosi plans to visit Taiwan, causing turmoil in mainland Hong Kong stock markets and Taipei stock exchanges. Foreign capital sold and remitted Taiwan stocks aggressively. However, under the adjustment of the central bank, the exchange rate closed at the highest point of the day at 29.996 yuan, a slight decrease of 1.6 cents, and the transaction volume of the Taipei foreign exchange market increased to 1.41 billion US dollars.

The New Taiwan dollar exchange rate rose above the 30-yuan integer level for the second consecutive day. However, exporters continued to sell foreign exchange, which led to the convergence of the depreciation. The central bank made adjustments in the afternoon, making the closing price strongly return to the beginning of 29, closing at 29.996 yuan, a depreciation of 1.6 The transaction value of Taipei foreign exchange market was 1.41 billion US dollars, and the transaction value of Yuantai foreign exchange market was 662.5 million US dollars.

The U.S. ISM manufacturing PMI fell to 52.8 in July, higher than the expected 52. There are signs that the tight supply situation is easing. The market also understands that inflation is expected to peak. There will be a transformation. Pelosi’s whirlwind visit to Asia, rumored to be coming to Taiwan tonight, triggered turbulence in Asian stock and foreign exchange markets.

Observing the performance of major Asian currencies against the US dollar today, according to the statistics of the central bank, the US dollar index fell slightly by 0.05%, the Japanese yen has a safe-haven nature, soaring by 1.32%, the Singapore dollar depreciated by 0.14%, the RMB depreciated by 0.09%, the New Taiwan dollar and the Korean won both fell by 0.05 %.

The situation in the Taiwan Strait is tense. Taiwan stocks once fell by more than 300 points today, breaking the 14,700-point level, TSMC lost 500 yuan, and electronic weight stocks were under heavy selling pressure. At the end of the decline, the decline slightly converged, down 234 points to close at 14,747 points, below the short-term average, and foreign capital continued to sell more than 19.6 billion yuan.

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

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