The New Taiwan dollar made up for losses and hit a new low in more than 2 weeks.

(Photo by reporter Chen Meiying)

[Reporter Chen Meiying/Taipei Report] After the Qingming holiday, Taiwan stocks fell slightly and closed. The exchange rate of the New Taiwan dollar was depreciated under the 30.5 yuan barrier due to the remittance of foreign capital and the effect of compensating the decline. It was a new low in more than 2 weeks, with a trading volume of 1.862 billion US dollars.

During the Qingming holiday, European and American stock markets were mixed, and technology stocks performed poorly, causing Taiwan stocks to fall by more than 100 points in the intraday session. Afterwards, the decline converged and closed at 15810.77 points, down 57.29 points. The three major legal entities sold more than 5.66 billion yuan , Among them, foreign capital sold more than 6.32 billion yuan.

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The exchange rate of the New Taiwan dollar was opened at 30.5 yuan this morning. After exporters sold foreign exchange for a while and foreign capital once again dominated the trend of the Taiwan dollar, the exchange rate of the New Taiwan dollar fell in sync with Taiwan stocks.

According to statistics from the central bank, during the period from March 31 to April 6, the U.S. dollar index fell by 0.47%, the Japanese yen rose by 1.35%, Taiwan’s main trading partner, the South Korean won, depreciated by 1.3%, the renminbi fell by 0.09%, and the Singapore dollar rose by 0.07% %, the exchange rate of the New Taiwan dollar depreciated by 0.24% today.

The head of Huiyin pointed out that with the end of the Federal Reserve’s interest rate hike, the US dollar will continue to slow down this year, but the aftermath of the financial crisis in Europe and the United States is still lingering. Depending on the attitude of the Fed, the performance of Taiwan stocks, and the movement of foreign capital, it is judged that it will remain in the range of 30.3 to 30.8 yuan in the short term.

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