Waiting and watching the Fed's decision, the NT dollar rose slightly by 1.1 cents, and temporarily closed at 32.168 yuan (photographed by reporter Chen Meiying)

[Reporter Chen Meiying / Taipei Report] The market is watching the decision of the Federal Reserve. The exchange rate of the New Taiwan dollar against the US dollar depreciated and then rose this morning. The fluctuation range was not large. It temporarily closed at 32.168 yuan at noon, with an appreciation of 1.1 cents. The transaction volume of the Taipei foreign exchange brokerage company was 588 million US dollars. .

The Federal Reserve will announce its interest rate decision in the early morning of the 3rd, Taiwan time. The market generally expects the Fed to raise interest rates 3 times for 4 consecutive times, and the federal funds rate will reach 3.75-4%. What people pay more attention to is the Fed's post-meeting statement and the chairman's statement. Will Powell signal a slowdown in the December rate hike.

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According to the CME Group’s Fedwatch tool, the market expects that the probability of the Fed raising interest rates by 3 yards in November exceeds 85%. For the Fed forecast in December, 45% believe that the rate of Fed rate hike will be reduced to 2 yards, and 48% bet on 3 yards, which is quite close.

In the wait-and-see market, U.S. stocks opened high and fluctuated yesterday and then fell, but the U.S. dollar index closed flat.

Taiwan stocks continued to stand firm at "Wan San" today and rose slightly. The exchange rate of the New Taiwan dollar fluctuated within a narrow range between flat and flat, rising to a maximum of 32.158 yuan and a minimum of 32.205 yuan in early trading.

Major Asian currencies were also roughly within yesterday's range. As of noon, the yen was roughly around 147.47 against the dollar, and the offshore renminbi was at 7.28 against the dollar.

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