Reported 12 months ago
On July 3, 2024, the New Taiwan dollar exchange rate closed at 32.632, with a slight depreciation of 0.5 against the US dollar. The market was influenced by Fed Chairman Powell's dovish remarks, boosting market confidence. Despite the US dollar weakening internationally, the New Taiwan dollar experienced pressure but a rebound due to strong foreign selling. The central bank intervened to stabilize the exchange rate, resulting in a minimal depreciation at the close. The article also discusses factors affecting the exchange rate and market movements.
Source: YAHOO