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
      Best Background Check Company for Healthcare in 2025: Top Picks for Accuracy and Compliance
      October 31, 2025
      Best Background Check Company for Recruiting Firms in 2025: Top Picks for Speed and Reliability
      October 31, 2025
      Eugene Ng on the Compliance Competitive Advantage: Why ‘Playing By the Rules’ Wins in Crypto
      October 31, 2025
      How​‍​‌‍​‍‌​‍​‌‍​‍‌ to Trade Up to a Knife or Gloves in CS2
      October 31, 2025
      Athleisure: The Perfect Blend of Comfort, Style, and Everyday Confidence
      October 31, 2025
      Best B2B Tech PR Agencies of 2025: A Comprehensive Review and Comparison
      October 31, 2025
      Silver’s 2026 Breakout? The Solar-Demand Flywheel, By-Product Supply Limits, and the Metals Edge Gold/Silver Ratio Playbook
      October 31, 2025
      IPTV Kopen – Watch Everything You Love with Private IPTV Nederland
      October 31, 2025
      Various Use Cases of Personal Loans in Financial Planning
      October 31, 2025
      How Digital Stormwater Inspections Save Time on Every Site
      October 31, 2025
      How To Create a Cozy Living Room Without Sacrificing Style
      October 31, 2025
      8 mistakes to avoid to stop having polluted indoor air
      October 31, 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.