Home » Business » 〈TWD〉Fed eagle made a heavy depreciation of nearly 20 cents and broke the 30.7 yuan threshold to reach a 2-month low | Anue tycoon – Forex

〈TWD〉Fed eagle made a heavy depreciation of nearly 20 cents and broke the 30.7 yuan threshold to reach a 2-month low | Anue tycoon – Forex

Federal Reserve (Fed) Chairman Jerome Powell hinted that interest rate hikes will be expanded, and the terminal interest rate may be higher than originally estimated, making hot money tend to be remitted out,New Taiwan dollarThe exchange rate against the U.S. dollar fell sharply today (8), broke through the 30.7 yuan barrier, once depreciated by nearly 2 cents, dropped to 30.784 yuan, a new low in 2 months; Taiwan stocks weakened simultaneously, fell more than 80 points in the session, and fell below 15800 point.

Powell testified before Congress on Tuesday that the Fed may be on a more aggressive path of rate hikes due to recent strong economic data, with the end point likely to be higher than policymakers had previously forecast. Powell’s hawkish talk prompted Wall Street to raise their forecasts for the terminal interest rate. Goldman Sachs economists revised it up to 5.50-5.75%. BlackRock believes that it may reach 6%, and it will remain at 6% for a longer period of time.

New Taiwan dollarThe exchange rate against the US dollar depreciated at 30.7 yuan today. After the opening of the market, there was a lot of buying in the market. The exchange rate fell to 30.784 yuan, a heavy depreciation of 1.9 cents, the lowest point since early January this year.

Asian currencies were broadly lower today,New Taiwan dollarIt fell 0.49% in early trading,RMB0.29% depreciation,won0.22% depreciation,JPY0.13% depreciation,bahtIt weakened in tandem, while the Singapore dollar edged up 0.03%.

Affected by the Fed’s hawk release, US stocks fell sharply on Tuesday.Dow Jones IndexPlunged 574 points. In terms of Taiwan stocks, large value stocks generally retreated, but Largan, Nanya Branch, Formosa Plastics, etc. were still supported, and small and medium-sized stocks rose strongly.weighted indexBefore noon, the drop was controlled within 100 points, and the lowest reached 15,775 points, a drop of about 82 points.

New Taiwan dollar recent exchange rate trend. (Picture: Juheng.com)


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