After Taiwan’s general election, Taipei stock exchanges have suffered a double blow recently. Foreign investors have massively oversold Taiwanese stocks and remitted money out of the country.New Taiwan DollarAfter devaluing 1.77 cents against the US dollar yesterday (16th), it continued to weaken today (17th). It fell by more than 1 cent against the US dollar in early trading, breaking through the important psychological level of 31.5 yuan and hitting a new low in more than a month; Taiwan stocks are under selling pressure After coming out of the cage, it once fell by more than 100 points, falling below the 17,300-point level, and back-testing the quarterly support.
The international dollar has strengthened, and foreign capital has expanded its remittances.New Taiwan DollarThe exchange rate against the U.S. dollar has been falling continuously. It has plummeted by 2.63 cents in the previous two trading days. After opening at 31.45 yuan today, with the emergence of buying orders for the U.S. dollar, it reached the lowest level at 31.512 yuan, a sharp drop of 1.2 cents, marking the fourth consecutive trading day. Since the beginning of 2024, the cumulative depreciation has reached 6.57 cents.
Fed Governor Christopher Waller said that the United States is currently “very close” to achieving the 2% inflation target, but that the Fed should not cut interest rates hastily before it is sure that inflation can continue to cool, making investors worried about the Fed. ) Expectations for a rate cut in March have further cooled, drivingdollar index It climbed to a one-month high on the 16th,10-year U.S. Treasury yieldIt also rose to 4.067%.
Huiyin sources said that the U.S. dollar has rebounded strongly, coupled with the end of Taiwan’s presidential election, and geopolitical risks across the Taiwan Strait and the Middle East have increased, foreign funds have rapidly withdrawn and returned to the U.S. dollar, and their attitude has become conservative and wait-and-see.
faceNew Taiwan DollarThe decline was sharp, and the central bank rarely expressed confidence in the outside world, emphasizing that although foreign capital continued to flow out,New Taiwan DollarCompared with major Asian currencies, the exchange rate trend is still relatively stable, and we will pay close attention to the inflow and outflow of funds.
Observe the performance of major currencies against the US dollar today,New Taiwan DollarIt fell more than 0.3% in early trading.won、RMBSynchronized depreciation, the Singapore dollar andJPYIt rose slightly, with Asian currencies rising and falling.
According to statistics from the central bank, as of the afternoon of the 16th this year,wonThe cumulative depreciation is 3.29%,JPYDepreciation of 3.25%,New Taiwan DollarThe cumulative depreciation was 2.09%, and the Singapore dollar depreciated by 1.38%.RMBThe currency depreciated by 1.27%, and the Vietnamese dong depreciated by 1.13%, indicating that hot money is leaving Asia and prefers to return to the US dollar.
2024-01-17 02:44:17
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