New Taiwan DollarThe exchange rate once morest the US dollar fell below the 30 mark once more at the opening of the (9) day, with a minimum of 30.033 yuan. It was the seventh consecutive day to test 30 yuan intraday. The market has a strong wait-and-see atmosphere. Taiwan stocks weakened simultaneously, falling below the 14,900-point level in the backtest.
Foreign capital has recently tended to be remitted out, and the central bank’s foreign exchange bureau has intervened in a timely manner to adjust, makingNew Taiwan DollarAt the close, the number 29 was pulled back strongly. However, the United States will raise interest rates next time, and Taiwan is also facing inflationary pressure.New Taiwan DollarShort-term depreciation below 30 yuan is the expected result.
U.S. stocks were mixed on Monday. Taiwan stocks opened low and fluctuated today, with a minimum of 14,905 points. .
The U.S. released unexpectedly strong non-farm payrolls for July last Friday. Total employment and the unemployment rate both returned to pre-pandemic levels, alleviating concerns regarding an economic recession and boosting expectations that the Federal Reserve will raise interest rates more aggressively. Turning attention down to corporate earnings, and Wednesday’s inflation data.
Observe the performance of major Asian currencies once morest the US dollar today,wonIt depreciated 0.59% in early trade,RMBdepreciated by 0.1%,New Taiwan DollarDepreciated by 0.07%, the Singapore dollar also fell slightly,JPYThen it appreciated by 0.09%.