New Taiwan Dollar Surges; Central Bank Governor Yang Chin-long to Hold Press Conference at 4:30 PM
The New Taiwan Dollar surged 1.54 cents at the opening on May 5, starting at 30.91 TWD, and broke through the 30 TWD mark, peaking at 29.59 TWD. The Central Bank has issued an announcement stating that Governor Yang Chin-long will hold a press conference today at 4:30 PM to provide explanations regarding the matter. Despite the Central Bank emphasizing that the appreciation of the TWD does not face pressure from the U.S., the surge cannot be halted, reaching 29.5 TWD this morning.
