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Recent Depreciation Trend of New Taiwan Dollar and its Impact on Taiwan Stocks

New Taiwan dollarWith the decline of Taiwan stocks, the depreciation trend resumed.New Taiwan dollarIt depreciated against the US dollar by 2 cents today (8) at 31.69 yuan. The intraday depreciation expanded and broke through 31.7 yuan. The low point dropped to 31.765 yuan, a new low in nearly 9 months.

Taiwan stocks lost their gains and losses again, and the broader market index opened higher and lower in early trading.New Taiwan dollarHowever, it changed from a narrow range yesterday (7) to depreciation. After opening at 31.69 yuan in early trading, the intraday exchange rate fell by 9.5 cents, and the exchange rate fell to 31.765 yuan from the low point.

New Taiwan dollarAlthough the intraday depreciation trend has been slightly restrained, the current intraday exchange rate fluctuates between 31.755 yuan and 31.760 yuan.New Taiwan dollarThe intraday exchange rate does not rule out knocking towards 31.8 yuan.

Considering inflation and the tight job market in the United States, Fed officials revealed that they would not rule out raising interest rates again in the future, drivingdollar indexrebounded slightly,dollar indexAt present, it continues to stand firm at the high level of 102, and major Asian currencies generally depreciate.

RMBThe intraday exchange rate against the US dollar was temporarily quoted at 7.21 yuan, offshoreRMBTemporarily reported at 7.22 yuan against the US dollar,JPYTemporarily reported at 143.3 yuan against the US dollar,wonIt was temporarily quoted at 1314.4 yuan against the US dollar.

2023-08-08 02:30:55
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