Home » Business » U.S. CPI Exceeds Expectations, Dollar Rebounds, Major Asian Currencies Fall: New Taiwan Dollar Depreciates 5.5 Cents Against U.S. Dollar

U.S. CPI Exceeds Expectations, Dollar Rebounds, Major Asian Currencies Fall: New Taiwan Dollar Depreciates 5.5 Cents Against U.S. Dollar

U.S. CPI in September exceeded expectations, drivingdollar indexrebounded, while major Asian currencies fell under pressure.New Taiwan DollarIt depreciated 5.5 cents against the U.S. dollar today (13th) after opening at 32.180 yuan. It once depreciated by more than 1 cent during the session, with the exchange rate depreciating to 32.226 yuan.

Inflationary pressure remains unresolved. The annual growth rate of US CPI data in September was 3.7%, slightly higher than market expectations. The market expects that the Federal Reserve will be difficult to tighten its policy in the short term.dollar indexReturning to 106 and recording the largest increase in the past seven months, the strength of the US dollar caused major Asian currencies to depreciate in response.

New Taiwan DollarAfter opening at 32.180 yuan against the U.S. dollar today, it fell under the dual pressure of a strong U.S. dollar and a weak Taiwanese stock market. The exchange rate fell below 32.2 yuan in early trading, reaching a low of 32.226 yuan, a depreciation of 1.01 cents. Although the intraday decline was slightly restrained. , but still fluctuating in the 32.217 range.

Major Asian currencies weakened today,RMBIt fell to 7.3086 yuan against the US dollar during intraday trading;JPYIt fell to 149.82 yuan against the US dollar during intraday trading;wonThe price also consolidated weakly, falling to 1350.6 yuan at one point during the session. The downward trend converged and was temporarily reported at 1349.1 yuan.

2023-10-13 03:00:23
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