Reported 11 months ago
In the Taipei foreign exchange market, the New Taiwan Dollar closed at 32.554 against the US Dollar on June 26, depreciating by 1.11 cents, with a total trading volume of 24.7 billion US dollars between Taipei and Yuan Taiforeign exchange markets. Despite the Taiwan stock market returning above 23000 and closing at 22986 with a 110-point increase, the New Taiwan Dollar disconnected from the stock market and depreciated by 1.1 cents at the close, with a trading volume of 24.7 billion, marking the largest in nearly a month. Exporters selling off currency for the end of the quarter and foreign capital outflows contributed to the depreciation despite the rise in the stock market.
Source: YAHOO