The Fed's "Eagle" came to an end, the US dollar spewed out, the NT dollar smashed 1.66 horns, and broke the 31.5 yuan barrier (photographed by reporter Chen Meiying)

[Reporter Chen Meiying/Taipei Report] The Federal Reserve announced a 3-yard rate hike, and it will rise all the way to the benchmark rate of 4.6%, which is better than market expectations. Under the "hawkishness", the US dollar index spewed out, soaring through the 111 level, hitting a new high in more than 20 years , the exchange rate of the New Taiwan dollar against the US dollar also fell below the 31.5 yuan mark, and the current lowest is 31.606 yuan, a heavy depreciation of 1.66 yuan, a new low since August 2019.

The director of Huiyin said that after the 31.5 yuan mark was demolished, the next step was to look at the 31.7 yuan technical level. If the 31.7 yuan could not be kept, then 32 yuan would really be seen.

Please read on...

After the Fed raised interest rates by 3 yards, the current benchmark interest rate has reached 3 to 3.25%. Although it is in line with market expectations, Fed Chairman Powell insisted that the inflation rate should be reduced to 2%, and admitted that the Fed's continued tightening of monetary policy may lead to economic The recession has caused the market to worry that the Fed will go all the way to the end regardless of the cost.

The Fed's latest dot plot shows that officials generally see the policy rate rising to 4.4% by the end of this year and 4.6% by the end of next year.

After Powell's remarks, the CME Group's FedWatch tool predicted a more than 60 percent chance of a three-point rate hike at the November meeting.

The Fed's interest rate hike attitude firmly broke the market's expectation that the Fed's interest rate hike had already seen a high point, and the financial market fell into a wailing.

Among them, the euro against the US dollar hit a low of 0.9807, reaching a 20-year low; the pound fell 0.3% to a 37-year low; among the major Asian currencies, the RMB was the weakest, and the RMB FOB price fell below 7.1 yuan against the US dollar. At the checkpoint, the Korean won plunged more than 0.8% against the U.S. dollar to a minimum of 1,409.51 won, continuing to write a new 16-year low record. The yen approached the previous low of 144.98 yen to the dollar.

The New Taiwan dollar exchange rate opened at a low price of 31.47 yuan in early trading, then broke the 31.5 yuan mark, and reached a minimum of 31.606 yuan, killing 1.66 yuan, and there is still no sign of stopping the depreciation.

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