The NTD's gains converged in the afternoon, closing at 31.847 yuan, an appreciation of 2.4 points.

(Photo by reporter Chen Meiying)

[Reporter Chen Meiying/Taipei Report] Under the rescue measures of the Bank of England, the global stock market was greatly stimulated. The exchange rate of the New Taiwan dollar against the US dollar rose to 31.777 yuan in early trading, rising nearly 1 point, but the enthusiasm in the market receded in the afternoon, and the US dollar index climbed from 112 Back at 113, the rise of the NTD largely converged, and finally closed at 31.847 yuan, up 2.4 points, with a total trading volume of 1.586 billion US dollars.

The Bank of England announced its purchase of bonds yesterday, which caused the US bond yield to fall from 4% to 3.7%. US stocks rose sharply, and the US dollar index fell to 112, which led to an overall rise in Asian stocks today, and Taiwan stocks rose 170 points at one point. , the major Asian currencies were also able to breathe.

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However, the British pound fell back in the afternoon, the US index turned black in early trading, and the market atmosphere changed. Taiwan stocks and the New Taiwan dollar rose sharply. Taiwan stocks finally closed at 13,534.26 points, up 68.19 points. The three major legal persons bought over 711 million yuan in total, of which foreign investors sold It has greatly converged to 1.388 billion yuan.

The head of HSBC said that the Fed will raise interest rates by 5 yards before the end of the year. The dollar's rally has not yet peaked. It is expected that the dollar will continue to rise by the daily limit. Under the fluctuations, coupled with the demand of exporters to sell foreign exchange at the end of the quarter, the depreciation of the New Taiwan dollar may slow down.

The market outlook will observe the follow-up effects of the Bank of England's rescue measures. In addition, the depreciation of the RMB is temporarily under control under the Chinese government's efforts to maintain stability. Both the onshore and offshore prices of the RMB will return to 7.15. Watch to see if the yen falls below the 145 mark again.

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