Reported about 1 year ago
After the New Taiwan Dollar (NTD) saw its monthly moving average turn positive in May and then decrease slightly in June, it remained relatively stable compared to other major currencies. The NTD's Nominal Effective Exchange Rate (NEER) and Real Effective Exchange Rate (REER) both increased in June, reaching recent highs. This strength is attributed to the strong performance of the Taiwanese stock market. Despite global factors like the strengthening US dollar, the NTD remained resilient with modest depreciation. Looking ahead, the NTD's movement will continue to depend on US inflation data and market sentiments towards interest rate adjustments.
Source: YAHOO