Reported 7 months ago
On June 12, 2024, the Taiwan stock market surged despite quiet trading in the forex market. The New Taiwan Dollar closed at 32.386 NT Dollars, up 0.9 points. The positive momentum was driven by gains in the U.S. stock market, particularly influencing tech stocks and AI-related companies in Taiwan. However, anticipation for the upcoming U.S. May CPI data led to cautious trading, with foreign investors showing mixed activities. Despite concerns about the Fed's rate decisions and economic data, the New Taiwan Dollar is expected to remain range-bound between 32.3 and 32.45 NT Dollars.
Source: YAHOO