The trend of the New Taiwan dollar fluctuated, and it was temporarily closed at 30.634 yuan at noon (photo by reporter Chen Meiying)

[Reporter Chen Meiying/Taipei Report] Taiwan stocks remained flat, while the exchange rate of the New Taiwan dollar against the U.S. dollar fell along with major Asian currencies. It temporarily closed at 30.634 yuan at noon, a depreciation of 4.6 cents.

Foreign exchange traders pointed out that the exchange rate of the New Taiwan dollar was active this morning. After yesterday’s depreciation broke through 30.6 yuan, exporters’ demand for foreign exchange was aroused. In addition, the US dollar closed lower yesterday. It once rose to 30.531 yuan, but Taiwan stocks turned weak, and major Asian currencies including the renminbi, Japanese yen and Korean won all turned from appreciation to depreciation, which limited the rise of the New Taiwan dollar, and then followed up with a depreciation.

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In the afternoon, we will see whether Taiwan stocks can turn around, and the movement of foreign capital in and out. If there is no accident, it is expected that the NT dollar will consolidate between 30.3 yuan and 30.8 yuan in the short term.

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