New Taiwan Dollar Rebounds to 32.4 Mark for Two Consecutive Days, Weekly Performance Suffers Fourth Consecutive Decline

Reported about 1 year ago

On July 5, 2024, the New Taiwan Dollar exchange rate continued its upward trend from the previous day, closing at 32.475 NTD with a 0.5 point increase. This was influenced by weaker US dollar performance due to lower-than-expected 'small non-farm' data, as well as anticipation of non-farm employment data, leading to overall strengthening of Asian currencies. Despite a two-day rebound, the NTD exchange rate ended the week with a fourth consecutive decline, trading between 32.3 to 32.6 NTD for the short term.

Source: YAHOO

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