Reported about 1 year ago
On July 1, 2024, the New Taiwan Dollar plummeted over 1 tenth under portfolio trust and foreign capital outflows, closing at 32.546, a depreciation of 9.6 points with a total trading volume of 19.385 billion US dollars, marking a decrease on the first trading day of the second half of the year. Analysts emphasize three key factors influencing the NT dollar's trajectory in the second half of the year: the Fed's interest rate cuts, the performance of the Japanese yen, and the stock market performance in Taiwan. Despite expectations of a Fed interest rate cut in September, the uncertainty in international geopolitical and economic conditions might result in a gradual rise in the NT dollar.
Source: YAHOO