Powell puts eagle stocks and foreign exchange doubles down to 29.748 yuan, a near one-week low | Anue Juheng-Forex

The Taipei stock exchange today (30) both weakened. Affected by Fed Chairman Powell’s release, hot money continued to flow out.New Taiwan DollarThe exchange rate against the U.S. dollar fell below the 29.7 yuan level and dropped to 29.748 yuan, a depreciation of 6.6 cents, the lowest point in the past week;weighted indexIt broke the bottom again, and fell more than 300 points in the intraday, breaking through 10,005 points, and the lowest was 14,895 points.

Today is the last trading day of the end of the month and the end of the quarter, and exporters still need to sell foreign exchange in real terms.New Taiwan DollarThe exchange rate against the US dollar has been depreciating for the third consecutive trading day, but the depreciation rate is relatively limited.

Affected by the weakening of U.S. technology stocks, the electronics community in Taiwan stocks is rumbling today. TSMC fell by more than 2% in the intraday market, reaching a minimum of 480.5 yuan. Finance and shipping were also unable to support the market, dragging down the market.weighted indexIt fell below the Wanwu level and fell more than 340 points to the lowest point of 14,895 points, hitting a new low in one and a half years.

Powell said at the European Central Bank’s annual forum on Wednesday that he believes that failure to restore price stability is the biggest risk for the United States, rather than raising interest rates too much to push the economy into recession, and mentioned that it needs to be pre-emptive or preempt inflation. Expected to act before de-anchoring or unexpected rise, the market interprets Powell’s attitude as quite hawkish, driving funds to continue to flow back to the US dollar.US dollar indexrose to a two-week high.

Observe the performance of major currencies against the US dollar,wonAfter yesterday’s heavy depreciation, it rose and appreciated by 0.32% today, and the Singapore dollar appreciated by 0.17% in early trading.RMBAlso appreciated 0.1%,New Taiwan Dollarthen depreciated by 0.12%,Japanese YenSimultaneously depreciated by 0.05%.

The recent exchange rate trend of the New Taiwan Dollar. (Picture: Juheng.com)


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