Both stocks and exchanges rose!

New Taiwan dollar challenges the 30.5 yuan level, and temporarily receives 30.555 yuan (photo by reporter Chen Meiying)

[Reporter Chen Meiying/Taipei Report] U.S. interest rate rises are negative and passivation, U.S. bond yields and the U.S. dollar fell back, encouraging Taipei stock exchange to rise simultaneously. Taiwan stocks rose nearly 200 points. It closed at 30.555 yuan, an appreciation of 7.2 cents, and the turnover of Taipei foreign exchange brokerage companies was 440 million US dollars.

Last week, the market reacted to the hawkish comments of Federal Reserve officials. The exchange rate of the New Taiwan dollar fell by 1.47 cents or 0.48% in a single week. % or less, the U.S. dollar fell, and the NT dollar exchange rate was opened at 30.58 yuan in the morning, with an appreciation of 4.7 cents. Then Taiwan stocks rose sharply, and the exchange rate increased. Wait and see mentality is strong.

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Major Asian currencies diverged, with the Japanese yen rising slightly, the Korean won flat, and the Chinese yuan weaker.

Foreign exchange traders pointed out that before the Fed meeting in March, there are still inflation and employment data for February to be released. Among them, the non-agricultural employment data to be released this week and Fed Chairman Jerome Powell will testify in both houses of Congress. Views on inflation will still be the focus of the market. In addition to Powell’s speech will be magnified and inspected, the market’s interpretation will also affect the stock market trend.

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