Reported about 1 year ago
Market expectations for a Fed rate cut in September have diminished, causing the US dollar index to strengthen and break 105, potentially leading to pressure on the New Taiwan Dollar post-holiday opening. Positive US non-farm payroll data last week surpassed expectations, reducing the likelihood of a Fed rate cut; as a result, major Asian currencies faced depreciation pressure. Analysts highlight the significance of Taiwan stock market performance in determining the post-holiday TWD trend, as post-Dragon Boat Festival market movements may see the TWD testing key psychological levels amid global factors impacting its value.
Source: YAHOO