New Taiwan DollarThe exchange rate rose “six times in a row” on the 20th, and ended at 1.98 cents to 31.658 per US dollar, which was second only to the increase on the 15th.central bankThe attitude of the Taiwan dollar and whether the New Taiwan dollar will rise above the 31.5 level in the past two days have attracted great attention from the market. Huiyin sources revealed that because the exchange rates of many Asian countries simultaneously appreciated on the 20th due to the weakening of the US dollar, the central bank’s actions were not as strong as last week. In the end, the central bank To the newTaiwan dollar exchange rateWhat is the limit for strong promotion? Will be tested through next target level 31.5.
Slowing U.S. CPI, expectations that the U.S. will cut interest rates next year to save the economy from recession, and Xi’s visit to China will cool down tensions between the U.S. and China, among other factors, have driven hot money into Taiwan, causing the New Taiwan dollar’s exchange rate to rise six times in a row. As for the inflow of hot money into Taiwan stocks, statistics from the stock exchange show that last week, foreign capital bought more than 121.8 billion in the centralized market. As of last Friday this year, foreign capital has turned to net buying of more than 10.584 billion. Today, it will buy more Over 9.314 billion.
The New Taiwan dollar exchange rate surged by 1.58 cents as soon as the market opened on the 20th. It continued to increase the appreciation by 1.89 cents at midday, and closed at 1.98 cents at the end of the day. The trading volume of the Taipei foreign exchange market also increased to 1.347 billion U.S. dollars. If the total Yuan Tai foreign exchange transactions A total of US$1.837 billion.
Observing the performance of other Asian currencies today, the US dollar index plummeted 0.82% today, which led to the collective appreciation of Asian currencies. The Korean won, RMB, Taiwan dollar, and Japanese yen surged by 0.41%, 0.95%, 0.63%, and 1.04% respectively, with the Japanese yen falling. Shenzhen has the largest rebound, and the appreciation of the Taiwan dollar is only higher than that of Japan.
Analysts from Huiyin said that the central bank’s strongest move to resist the rise occurred last week. On two days last week, the foreign exchange trading volume was more than 2 billion. In addition to hot money remittances and exporters selling foreign exchange: “The boss (referring to the central bank) adjustment is also important. Factors.” The appreciation on the 20th was even greater than last Friday. Although the trading volume of 1.837 billion US dollars was also high-end, it was less than 2 billion. It can be seen that although the central bank took action during the session, its strength has slowed down. Obviously We are also waiting to see the appreciation of the exchange rate of the entire Asian currency, and do not want to go against the trend too much and waste bullets buying foreign exchange. Therefore, the central bank’s tolerance limit for the rapid rise of the New Taiwan dollar exchange rate has become a topic of discussion in the foreign exchange circle.
The Taiwan dollar exchange rate surged by 2.22 cents on the 15th, and ended the day with an increase of 1.98 cents to close at 31.658 yuan, which can be said to be second only to the increase on the 15th. Since last week, including this Monday, the New Taiwan dollar exchange rate has risen for five consecutive days, appreciating a total of 6.94 cents. At the same time, the exchange rate has broken a new low since August 3.
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