New Taiwan Dollar Surpasses 29 NT$ Mark After Two Years

The international dollar has weakened again, and on the 26th of the month, the New Taiwan Dollar moved past the 29 NT$ mark as expected, closing at 29.935 NT$, an appreciation of 8.8 cents. This marks the first time in two years that it has closed at this level, achieving five consecutive days of appreciation.
While the Taiwan Stock Exchange opened low, the foreign exchange market was lively, breaking through the 30 NT$ barrier early in trading, with a peak reaching 29.857 NT$. However, overall trading volume remained modest at 1.7085 billion USD. Analysts indicate that the weakening dollar presents an opportunity for non-USD currencies to rebound, especially amidst the ongoing trade tensions between the U.S. and China, making Trump's policy shifts critical.
Experts suggest that while the dollar will likely continue to face pressure in the short term, the future performance of the New Taiwan Dollar will remain coordinated with Asian currencies. Ongoing attention to foreign capital flows and central bank policy is essential.