New Taiwan Dollar Surges Past 30, Central Bank to Hold Press Conference on Response Measures
Today (5th), the New Taiwan Dollar (NTD) continued its strong rally against the US Dollar in early trading, breaking past the 30 NTD threshold, reaching as high as 29.59 NTD, with an increase of over 4.5%. In just two days, the NTD has appreciated by more than 1.4 NTD, attracting significant attention from the financial market.
Central Bank Governor Yang Jinlong will hold a press conference at 4:30 PM today to address recent currency fluctuations and monetary policy trends. He is expected to discuss issues such as hot money inflows, foreign investment trends, and adjustment mechanisms, providing the central bank's stance and response measures.
