Strong US Job Growth Accelerates USD/JPY Recovery and Boosts Dollar
US Dollar Strengthens as Non-Farm Payrolls Beat Expectations The US dollar saw gains on Friday (8th) following the release of the latest non-farm payrolls data, which showed strong job growth in November and a decrease in the unemployment rate. This positive news boosted the USD/JPY pair, with the Yen weakening and moving back below 144. […]
Taipei Stock Market and Foreign Exchange: A Mood Shift as New Taiwan Dollar Depreciates against US Dollar
Fluctuating Foreign Exchange Market Creates Volatility Today, the Taipei stock market and foreign exchange market experienced divergent trends, with the weighted index sharply fluctuating and the New Taiwan dollar depreciating against the US dollar to close at 31.475 yuan. The total value of market transactions increased to US$1.6855 billion, as large-scale payments of foreign capital […]
US Dollar Records Second-Biggest Weekly Drop as Yen Rebounds and Euro Rises
US Dollar Closes Lower, Yen Rebounds In late New York trading on Friday (17th), the US dollar closed lower, recording its second-biggest weekly drop this week. The ICE US Dollar Index (DXY), which tracks the US dollar against six major currencies, fell 0.49% to 103.85. Market Movement DXY fell nearly 1.8% this week, its biggest […]
US Inflation Inspires Major Asian Currency Rebound: New Taiwan Dollar Hits 2-Month High
Asian Currencies Rebound as US Inflation Cools In response to the cooling US inflation, major Asian currencies saw a rebound in their exchange rates. The New Taiwan dollar, surrounded by hot money, experienced a significant increase against the US dollar today (15th), breaking through the integer level of 32.1 yuan and ultimately appreciating by 2.22 […]