[Reporter Chen Meiying/Taipei Report]Although Taiwan stocks opened higher and went higher, almost breaking the “ten thousand seven”, the exchange rate trend of the NT dollar against the US dollar diverged from that of Taiwan stocks. Affected by the comparison effect of the RMB breaking the bottom again and the market waiting for this week’s super central bank week, the Taiwan dollar finally It closed at 30.754 yuan, a depreciation of 2.9 cents, with a turnover of 1.3275 billion US dollars.
Taiwan stocks rose 68.97 points today to close at 16955.37 points, and the three major legal entities bought over 9.406 billion yuan in total. Among them, foreign capital bought more than 9.212 billion yuan.
Taiwan stocks continued to hit new highs today, while the exchange rate of the New Taiwan dollar against the US dollar depreciated again. The intraday low touched 30.783 yuan, approaching the 30.8 yuan mark, and the stock exchange performance was mixed.
A foreign exchange trader pointed out that “if it weren’t for the support of Taiwan stocks, the Taiwan dollar would probably fall even more fiercely.” After a number of state-owned banks took the lead in cutting the interest rate on RMB deposits, many commercial banks followed suit today. In addition to the sharp drop in China’s exports in May, the RMB exchange rate continued to fall, making it the weakest Asian currency.
On the other hand, the market is waiting to see the latest inflation rate data and the Federal Reserve’s interest rate decision to be released on Tuesday, hoping to find clues about the Fed’s terminal interest rate. The market is generally betting that the Fed will “pause” raising interest rates this week, but it does not stop raising interest rates. The main reason is that the US inflation rate is still higher than the 2% target. The follow-up will depend on various US economic data to decide whether to resume raising interest rates in July .
According to the 4-point exchange rate announced by the central bank, the U.S. dollar index fell by 0.1%, the Japanese yen appreciated by 0.04%, the Singapore dollar appreciated by 0.03%, the Korean won appreciated by 0.25%, the renminbi depreciated by 0.25%, and the Taiwan dollar depreciated by 0.09%.
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2023-06-12 09:18:31
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