This week's NTD high should be 30.248 yuan in intraday trading on Monday, and the New Taiwan dollar is expected to close at around 30.3 yuan in the Year of the Tiger.

(Photo by reporter Chen Meiying)

[Reporter Chen Meiying/Taipei Report] Taiwan stocks closed closed today, and the New Taiwan dollar also entered the bottom of the closed market. It closed at 30.315 yuan on Tuesday, a slight depreciation of 4.7 cents, with a turnover of 1.647 billion US dollars.

Chen Youzhong, a foreign exchange strategist at Taishin Bank, pointed out that the last two trading days of the New Taiwan Dollar Year of the Tiger are left. After the Taiwan stock market is closed today, there will be less interference from foreign capital entering and exiting the stock market in the next two days. It will return to the basic needs of importers and exporters. It is expected that the foreign exchange market will Trading will turn cold, and the peak of foreign exchange selling by exporters for the capital demand at the end of the year has passed. Before the end of the new year, this week’s NT dollar high should be 30.248 yuan in Monday’s session, and the New Taiwan dollar is expected to close at around 30.3 yuan in the Year of the Tiger .

Please read on...

Since the Year of the Tiger, the New Taiwan dollar has risen first and then depreciated. It can be "anticlimactic", and its depreciation is second only to the Japanese yen and the Indian ruble among major Asian currencies. Looking forward to the Year of the Rabbit, the strong US dollar has passed. Chen Youzhong believes that The Taiwan dollar is expected to regain some of the lost ground last year. It is expected that before the Lantern Festival, the New Taiwan dollar will have a chance to move towards the 30 yuan mark.

The market is also concerned about the interest rate meeting held by the Bank of Japan in the past two days. It is expected that the central bank’s monetary policy may change, and the yen will fluctuate. According to the exchange rate announced by the central bank at 4:30, the U.S. dollar index rose 0.02% today, the yen fell 0.59%, and the renminbi also rose sharply. It fell 0.6%, the South Korean won depreciated 0.27%, and the New Taiwan dollar exchange rate depreciated slightly by 0.16%.

After Taiwan’s stock market soared on Monday, due to the 10-day annual holiday, some investors worried about the changing international economic situation, and some investors took profits ahead of time, which caused Taiwan’s stock market to retreat for a while. 5.92 points, closing at 14932.93 points, the three major legal persons bought over 7.204 billion yuan in total, of which foreign capital continued to support, buying over 11.23 billion yuan.

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