Change in the afternoon!

The amount of New Taiwan dollars has shrunk to 30.625 yuan (photo by reporter Chen Meiying)

[Reporter Chen Meiying/Taipei Report] The Federal Reserve is biased!

As the U.S. dollar fluctuated and rose, the New Taiwan dollar exchange rate changed color in the afternoon, and finally closed at 30.625 yuan, a depreciation of 4.3 cents. The turnover of Taipei foreign exchange brokerage companies was only 622 million U.S. dollars.

The Fed announced an increase of 2 yards as expected by the market. This year, it has raised interest rates by 17 yards. The federal benchmark interest rate has come to 4.25-4.5%, but the target interest rate will exceed 5%. Diving, the dollar fluctuated.

Please read on...

Taiwan stocks opened lower in response to the U.S. stock market. Under TSMC’s strong interest rate filling, it once turned red, and closed in the black at the end of the day. The three major legal entities sold a total of more than 2.599 billion yuan, of which foreign investors sold more than 1.224 billion yuan.

In the early days, the exchange rate of the New Taiwan dollar was 2.2 cents higher in response to the closing of the U.S. dollar. It was offered at 30.56 yuan, and finally rose to 30.54 yuan. Unexpectedly, in the afternoon, the U.S. dollar rebounded, Asian currencies weakened, and the exchange rate of the New Taiwan dollar also changed from appreciation to depreciation. The atmosphere was thick and trading was light.

A foreign exchange trader pointed out that the market expected that the Fed would be dovish when inflation in the United States cooled down for two consecutive months, but unexpectedly gave a hawkish attitude. The market needs time to digest and react to the message released by the Fed. It is expected that the trend of the financial market will be relatively shock.

Grasp the pulse of the economy with one hand I subscribe to Free Finance Youtube channel

Already added friends, thank you

Welcome to 【Free Finance】

feel good

Already liked it, thank you.

related news