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
      One Prompt, One Product: ChatGPT Prompt Generator Brings Your Idea to Life in Just a Few Hours
      August 22, 2025
      ChatGPT Cleaned Data Sets – An Analyst Finally Stopped Pulling All-Nighters
      August 22, 2025
      Why “The Bhootnii” Stands Out in Horror Movies Available on ZEE5
      August 22, 2025
      Smarter Living: How Rwazi Helps Organize Your Life and Finances
      August 22, 2025
      Hidden Gems You Can Only Discover On Nile Cruises
      August 22, 2025
      A Beginner’s Guide to Watching Sports Online
      August 22, 2025
      Waking Up With a Sore Throat and Sinus Pressure in Singapore: Tips, Tricks, and What It All Means
      August 22, 2025
      Cloud-Based Transportation Management Benefits
      August 22, 2025
      How Does Digital Signage for Events Enhance Engagement?
      August 22, 2025
      Installing Magis TV on Smart TV (Samsung, LG, Sony): Step-by-Step Tutorial 2025
      August 22, 2025
      Finding the Best IPTV in Canada A Complete Guide for Viewers
      August 22, 2025
      What Are Web3 Games?
      August 22, 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.