depreciated by 1.63 points, and fell 3.98 points in a single week. It is not ruled out that it will drop to the 32 yuan mark | Anue Juheng-Forex

The US hawks have a firmer stance on raising interest rates. Taiwan stocks opened lower today (16), and foreign capital sold more than 17.414 billion yuan.New Taiwan DollarIt closed at 31.293 yuan against the U.S. dollar today, down 1.63 cents. It has dropped four times in a row. In a single week, it depreciated 3.98 cents, and the turnover was 1.499 billion US dollars.

The volume of Taiwan stocks increased and fell 108 points to close at 14561.76 points. Foreign sales exceeded 17.415 billion yuan. For three consecutive days, Taiwan stocks have been out of Taiwan stocks. Taiwan stocks have recently lost all moving averages. The upward pressure is heavy, and the Asian currencies are depreciating, the capital is not favorable for Taiwan stocks, and the index still has the risk of continuous decline.

With the U.S. inflation rate rising more than market expectations in August, many voices predicted that the Federal Reserve will raise interest rates next week, which may rise by 4 yards at a time. Panic has accelerated the flow of funds to the U.S. dollar.JPYwonAfter breaking the bottom one after another, offshoreRMBAfter more than 2 years of violation, the sharp depreciation broke the 7 yuan to 1 dollar mark yesterday, and the onshoreRMBIt also fell below the 7 yuan integer price today.

The weakness of Asian currencies also makesTaiwan dollarGood entry into the ranks of relegation,New Taiwan DollarThe opening price against the U.S. dollar today was 31.15 yuan, and the lowest fell to 31.36 yuan at one point. Although the decline slightly converged in the late session, it still depreciated by 1.63 points to close at 31.293 yuan. It has been 31 characters for three consecutive days. Under the still big, not only 30 yuan can not go back in the short term, 31 yuan is established as a normal, if the United States is tough to raise interest rates, it is not ruled out that it will drop to 32 yuan.

New Taiwan dollar against the US dollar trend. (Picture: Juheng.com)

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