Home » Business » Government bailout failed, Taiwan dollar fell below 31.9 yuan | Anue Juheng-Forex

Government bailout failed, Taiwan dollar fell below 31.9 yuan | Anue Juheng-Forex

The US Federal Reserve’s hawkish stance on rising interest rates intensifies,US dollar indexStopping again at 113 this week, coupled with the government’s failure to bail out the market, Taiwan shares today fell below 10,003 (12).New Taiwan dollarThe exchange rate against the US dollar fell 4.2 cents to 31.909 yuan in early trading.

Expectations of a 3-yard rate hike from the Fed rose to 78.4% on the CFEUS dollar indexOn a recovery, US stocks continued to fall on Tuesday and technology stocks continued to fall.half shareThe index fell more, with a drop of 2.5%. TSMC ADR fell another nearly 6%. TSMC fell directly below 400 yuan at the opening today and opened at 397. The semiconductor group is weak and the non-electric groups as well as shipping, finance and plasticization are weak.weighted indexThe decline has widened, dropping by over 100 points and exceeding 10,000.

The US dollar rose and the pressures on the devaluation of Asian currencies reappeared.JPYThe exchange rate against the US dollar fell below the defense line of 145.90 on the 12th, rewriting a 24-year low and depreciating to 146.23 JPYAgainst 1 US dollar, it broke the government offer price last month;RMBThe central exchange rate also depreciated three times in a row, to 7.1103 today.

New Taiwan dollarPart of it opened at 31.87 yuan with a small depreciation of 0.3 cents today. Under the continued remittance of funds, it was once depreciated to 31.909 yuan and the initial trading range fell between 31.87 and 31.909 yuan.

New Taiwan dollar against the US dollar. (Photo: Juheng.com)

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