Home NewsForex Market News volume contracted and fluctuated within a narrow range to close at 29.705 yuan with 2 liters | Anue Juheng-Forex

volume contracted and fluctuated within a narrow range to close at 29.705 yuan with 2 liters | Anue Juheng-Forex

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The trading of Taipei stock exchange today (11) was slightly light. The market waited to see the inflation data of the United States in April. The exchange rate of the New Taiwan dollar against the US dollar once rose back to the beginning of 29.6, but the strength of the foreign exchange was limited. It edged up 0.7 cents to close at 29.705 yuan, 2 liters in a row. The total transaction value of the Taipei and Yuantai foreign exchange markets shrank to US$1.445 billion.

Taiwan stocks were volatile today, falling more than 100 points at one point and falling below Wanliu. Financial and shipping stocks were under selling pressure. Electronics stocks rose and fell. TSMC and MediaTek struggled to support the market. The weighted index still fell 55 points at the end, closing at 16006 , the transaction value has shrunk to 206.2 billion yuan, the foreign investment has continued to sell more than 15.085 billion yuan, and a total of 61.4 billion yuan has been withdrawn in 4 trading days.

After the exchange rate of the New Taiwan dollar against the US dollar opened with a depreciation of 29.725 yuan today, the exchange rate weakened immediately, reaching a minimum of 29.741 yuan, a depreciation of 2.9 cents. However, supported by the strength of the foreign exchange, the Taiwan dollar rose to 29.685 yuan, falling into a narrow fluctuation trend. It closed at 29.705 yuan, up 0.7 cents. The transaction value of Taipei foreign exchange market was 1.021 billion US dollars, and the transaction value of Yuantai foreign exchange market was 424 million US dollars.

The U.S. is about to announce the April consumer price index (CPI) on Wednesday. The market generally estimates that the annual growth rate will be slightly lower than the 8.5% in March. sign.

Observing the performance of major currencies against the US dollar, according to the statistics of the central bank, the US dollar index edged up 0.01% today, the Japanese yen rebounded 0.31%, the Singapore dollar rose 0.22%, the Korean won rose 0.09%, the New Taiwan dollar also rose slightly, while the RMB and the euro depreciated by 0.07% respectively , 0.05%.

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

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