The New Taiwan dollar has shrunk, ending 4 consecutive depreciations, closing at 31.67 yuan. (Photo by reporter Chen Meiying)
[Reporter Chen Meiying/Taipei Report]Under the recovery of AI concept stocks, Taiwan stocks rose by more than 100 points today, encouraging the NT dollar to end its 4 consecutive depreciations against the US dollar, closing at 31.67 yuan, with an appreciation of 2.1 points. Volume shrank to $1,273.5 million.
Don’t let the U.S. stocks close, Taiwan stocks regained control of AI concept stocks on Monday, soared 152.32 points, closing at 16996 points. However, the three major legal persons sold a total of more than 4.065 billion yuan, of which foreign and mainland capital sold more than 3.223 billion yuan .
The exchange rate of the New Taiwan dollar reflected the weakening of the U.S. dollar last week. It was offered at 31.65 yuan, the highest price today. It once fell below 31.7 yuan with the fall of the renminbi and the Japanese yen. Incentives have also changed from depreciation to upward, ending the 4-day depreciation trend. It is expected that the Taiwan dollar will consolidate between 31.4 yuan and 31.8 yuan in the short term.
The U.S. non-agricultural employment data released last week was not as expected by the market. The U.S. dollar index once fell below 102. Since the Federal Reserve did not have a clear attitude on whether to continue raising interest rates in September, everything depends on the data. This week, the U.S. will announce July Inflation rate data will be closely watched by the market. In addition, the public speeches of Fed officials will also affect market expectations and make financial markets fluctuate.
According to the central bank’s 4-point exchange rate, the U.S. dollar index fell 0.32% today, the Japanese yen appreciated 0.38%, the Korean won appreciated 0.28%, the Singapore dollar appreciated 0.16%, the Taiwan dollar rose 0.07%, and the renminbi depreciated 0.16%.
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2023-08-07 09:06:09
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