The exchange rate is different!

The New Taiwan dollar made up for the fall and depreciated by 1.08 cents, closing at 30.588 yuan (photo by reporter Chen Meiying)

[Reporter Chen Meiying/Taipei Report] After the February 28th holiday, Taiwan stocks rose slightly, but the exchange rate of the New Taiwan dollar against the US dollar was under the effect of compensating the decline. It once fell to 1.62 cents in the intraday session. The decline in the afternoon converged, but it was still at 30.588 yuan. The exchange rate depreciated by 1.08 cents to close, and the exchange rate depreciated by 2 consecutively, with a trading volume of 1.8605 billion US dollars.

Taiwan stocks rose 94.7 points today to close at 15598.49 points. The three major legal persons sold a total of over 5.73 billion yuan, of which foreign capital sold over 4.52 billion yuan.

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The exchange rate of the New Taiwan dollar broke through the 30.5 yuan price at the opening of the morning, the lowest touched 30.652 yuan, the weakest trend among major Asian currencies.

Foreign exchange traders pointed out that during the February 28th holiday, the US dollar index once broke through the 105 mark as the market raised expectations for the Fed to raise interest rates. In February, the US dollar index rose 2.8%, which was the first monthly red since September last year , During the same period, the Japanese yen expressed its continuation of its loose stance in the public speech of the new president of the Central Bank of Japan. As soon as the market opens, it reflects the changes in the international foreign exchange market and opens lower.

Foreign exchange traders said that both the United States and Taiwan will announce the latest interest rate decision on March 23. Before that, there are two key data in the United States to pay attention to, including February non-agricultural and consumer data on March 10 and 14. Price Index (CPI), both of which may have an impact on the Fed's interest rate decision.

Before that, the U.S. dollar may continue to strengthen. After the exchange rate of the New Taiwan dollar breaks through 30.5 yuan, the next checkpoint is 30.8 yuan.

Yang Jinlong, governor of the central bank, was asked in the Finance Committee of the Legislative Yuan today whether the exchange rate of the New Taiwan dollar fell to 1.62 cents early in the morning. When he entered the market for adjustment, Yang Jinlong said, "If there are special circumstances, he will enter the market." Last year, foreign capital remittances hit a record, causing the market to The central bank sold 13 billion U.S. dollars in the market to adjust.

Yang Jinlong pointed out that the exchange rate trend of the New Taiwan dollar depends not only on the face of the US dollar, but also on the performance of the international market. The exchange rate fluctuates and is mainly determined by supply and demand.

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