Close Menu
    Facebook X (Twitter) Instagram
    • Contact Us
    • About Us
    • Write For Us
    • Guest Post
    • Privacy Policy
    • Terms of Service
    Metapress
    • News
    • Technology
    • Business
    • Entertainment
    • Science / Health
    • Travel
    Metapress

    The New Taiwan dollar rises in the middle of the day

    Lakisha DavisBy Lakisha DavisJuly 6, 2020Updated:June 12, 2025
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    This is Taiwan money photo
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The international dollar weakened, hot money expanded into overweight Taiwan stocks of 20.1 billion yuan, and the index stood at “Ten Thousand Seconds”, encouraging the New Taiwan dollar to soar. It once surpassed 2 corners and reached 29.39 yuan. Afterwards, the gains converged to 5.8 points, closing at a new high of more than two years at 29.551 yuan to 1 dollar, and the turnover of the Taipei foreign exchange brokerage company was enlarged to 1.078 billion dollars.

    Foreign exchange traders pointed out that hot money is making great progress in emerging markets, major Asian stock markets are in full swing, and Taiwan stocks have successfully overcome the “10,000” (12,000 point) mark, returning to the high point before the Lunar New Year. In the Taiwanese currency market, it broke through 39.6 yuan, 29.5 yuan, and 29.4 yuan. In the afternoon, foreign investment remained unchanged, and continued to fluctuate at around 29.4 yuan.

    However, importers and retail investors were skewed in anticipation of the continued rise. Finally, after the boss (the central bank) kicked in the last quarter and a half, the growth rate quickly shrank, and it just kept holding 29.5 Yuan defense line.

    Foreign exchange traders believe that Taiwan’s epidemic control is still excellent. After the unblocking, the revitalization of bonds will lead to increased market sentiment, and Taiwan stocks will enter the peak period of cash dividend payment.

    It seems that the amount of foreign funds received from foreign exchange will be followed, plus New hot money comes in to make up for it, and the short-term rise of the New Taiwan dollar may be difficult to resist. Even if the boss (the central bank) has the determination to fully defend, the 29.5 yuan defense line will need to be further revised.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Lakisha Davis

      Lakisha Davis is a tech enthusiast with a passion for innovation and digital transformation. With her extensive knowledge in software development and a keen interest in emerging tech trends, Lakisha strives to make technology accessible and understandable to everyone.

      Follow Metapress on Google News
      Beyond the Reels: How Slot Online is a Form of Entertainment
      September 13, 2025
      How Turbolearn is Redefining EdTech for Students and Professionals
      September 13, 2025
      How Gemini and ChatGPT Built a StartUp with 100 Paid Users in a Week
      September 12, 2025
      How to Build a Profitable Options Trading Routine
      September 12, 2025
      Best Hair Transplant Doctors in Turkey
      September 12, 2025
      Why Machine Learning Is Now the Frontline Tool for Auto Service Retention and Revenue
      September 12, 2025
      The Family Vacation Playbook: What to Pack, Plan, and Skip
      September 12, 2025
      ChatGPT Closing $200K Deals for App Pitches in Two Weeks
      September 12, 2025
      The Future of Game Art Outsourcing: Trends, Challenges, and Opportunities
      September 12, 2025
      Digitalization Of Logistics Without Stopping Business- TMS, WMS, GPS Trackers, And AI Routing With Real‑World Cases
      September 12, 2025
      Hiromi JJK: Hiromi Higuruma in Jujutsu Kaisen
      September 12, 2025
      Frigibax Shiny: Strategies and Locations Revealed
      September 12, 2025
      Metapress
      • Contact Us
      • About Us
      • Write For Us
      • Guest Post
      • Privacy Policy
      • Terms of Service
      © 2025 Metapress.

      Type above and press Enter to search. Press Esc to cancel.