Inflation in the United States has cooled, and the enthusiasm of the financial market has not dissipated. With the continued rise of U.S. stocks, Taiwan continued to stage a strong rise in stocks today. The exchange rate of the New Taiwan dollar rose by 2.84 cents, returning to the price of 31.1 yuan, and hitting a new high in the past two months. record; Taiwan stocks once hit 14,100 points.
The latest consumer price index (CPI) in the United States was lower than expected. The market interpreted that inflation is expected to cool down, easing the Federal Reserve’s hawkish pace of interest rate hikes. The financial market sentiment was boiling, and the U.S. dollar index fell sharply, falling to around 106 shock.
Taiwan stocks continued to surge 503.8 points on the 11th. After the index reached the “Wansi” mark, driven by the continued rise of U.S. stocks, the opening continued to be strong today.
The influx of hot money and the weakness of the U.S. dollar index encouraged the exchange rate of the Taiwan dollar to resume its upward trend. After opening at 31.37 yuan in the morning, it broke through two barriers of 31.3 and 31.2 yuan, and the highest rose to 31.126 yuan. 2-month intraday record high.
Editor: Qin Yingwen
