Taiwan's New Taiwan Dollar Surges, Concerns Rise for Industries and Stock Market
The NTD's Rapid Appreciation Sparks Investor Anxiety as it Approaches the 29 Mark.
Following the previous week's strong gains, the New Taiwan Dollar (NTD) opened at 30.91 against the US dollar in the Taipei foreign exchange market. This marked a 1.54-cent increase. The NTD's upward momentum continued throughout the morning. After a 3.07% surge in a single day, the NTD rose by over one New Taiwan dollar within the first 15 minutes of trading.
The market's enthusiasm continued. The NTD continued to climb, breaking through the 30 mark. Within the first 15 minutes of trading, the currency gained over one New Taiwan dollar and briefly touched the 29 level, reaching a high of 29.925. As of 9:43, the NTD was trading at 29.73 against the US dollar.
Other Versions
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