New Taiwan dollar ends trading on 11-month high 外資匯入 新台幣創十一個月高

Tue, Jul 19, 2016 - Page 15

On Wednesday last week, the New Taiwan dollar exchange rate continued to rise off the back of foreign direct investment inflows and a stronger South Korean won. At close of trading on Wednesday the NT dollar was trading at NT$32.183 against the US dollar, a rise of 3.7 percent, which marks an 11-month high for the NT dollar.

Total trade volumes at the Taipei Foreign Exchange and Cosmos Foreign Exchange markets reached US$1.12 billion on Wednesday.

Currency traders said US stocks continued to rise, while Asian stock markets all made gains and were in a bullish mood.

The TAIEX fluctuated mid-way through trading and by market close had made only modest gains, rising 16.29 points. However, overbuying of TAIEX stocks by foreign investors to the tune of NT$9.40 billion, in addition to a rising South Korean won, provided the impetus for a soaring NT dollar exchange rate.

By close of trade, the NT dollar broke through its pre-Brexit referendum high, achieving a record 11-month high.

(CNA, TRANSLATED BY EDWARD JONES)

受外資匯入、韓元走強影響,上週三新台幣匯價持續走高,終場以三十二點一八三元兌一美元作收,升值三點七分,並創十一個月以來新高。

上週三台北與元太外匯經紀公司總成交量十一點二億美元。

外匯交易員表示,美股持續上漲,亞股普遍走揚,市場瀰漫看多氣氛。

台股雖呈區間震盪,終場僅小漲十六點二九。但外資仍買超台股新台幣九十四點○億元,加上韓元走升,帶動新台幣匯價持續攀升。

終場一舉突破英國脫歐公投前高點,創十一個月以來新高。

(中央社)