Reported about 1 year ago
Taiwan stock market continues to strengthen with foreign investment adding, leading to the New Taiwan Dollar closing at 32.328, up by 3 points. The U.S. financial market is closed for the June holiday, contributing to the upward trend in the currency market today. Foreign investment inflow strengthened the New Taiwan Dollar, breaking the 32.3 mark at one point during the day. Importers also entered the market in large volumes, resulting in the currency closing at 32.328 with a 3-point increase, marking two consecutive days of gains. Overall trading volume expanded to 17.575 billion U.S. dollars. The article also discusses factors impacting the currency market including Fed officials hinting at rate cuts and the continuous rise in the Taiwan stock market attracting foreign investment.
Source: YAHOO