Awaiting US-Iran Talks, New Taiwan Dollar Depreciates Then Appreciates to Close at NT$31.748
After an initial rally following the US President's ceasefire announcement, markets turned cautious due to cracks in the agreement. The New Taiwan Dollar (NTD) initially depreciated against the US dollar to NT$31.835 but later rebounded to NT$31.74 due to foreign capital inflows, closing at NT$31.748. Foreign exchange traders noted that persistent uncertainty in the Middle East diminishes expectations for a Fed rate cut, limiting significant NTD appreciation. Rising international energy prices from the conflict exacerbate inflation concerns, making Fed rate cuts unlikely.
📋 Article Processing Timeline
- 📰 Published: April 9, 2026 at 19:01
- 🔍 Collected: April 9, 2026 at 20:00 (59 min after Published)
- 🤖 AI Analyzed: April 15, 2026 at 18:33 (142h 32m after Collected)
After US President Trump announced a two-week ceasefire yesterday, financial markets rejoiced. However, cracks appeared in the ceasefire agreement less than a day later, and markets, concerned that the US-Iran ceasefire agreement might collapse, shifted to a wait-and-see approach, awaiting talks to be held in Pakistan over the weekend.
Foreign exchange traders frankly stated that they initially thought the news of the US-Iran ceasefire agreement would keep the market optimistic for a few days, but it turned out to be only a one-day rally.
The Middle East situation is volatile, and market sentiment has returned to caution. The Taiwan stock market today fluctuated around the flat line; TSMC's last-minute surge of NT$15 pulled the concentrated market index from negative to positive, closing up 99.78 points at 34861.16 points.
The New Taiwan Dollar (NTD) opened at NT$31.79 against the US dollar today. Affected by the US dollar's rebound and two-way operations by foreign investors, it depreciated, touching a low of NT$31.835. In the afternoon, due to an influx of foreign capital, it rose to a high of NT$31.74 during trading.
Foreign exchange traders pointed out that the NTD had been consolidating around NT$32 for quite some time. Now, with three consecutive days of appreciation, returning to the NT$31.7 to NT$31.8 range, it is estimated that there is a considerable amount of US dollar buying demand to be absorbed. In the short term, they will observe whether the Middle East situation moves in a positive direction. If no new negative factors emerge, there might be a chance for it to stabilize in this range, but as long as the war has not ended, "it won't appreciate much further."
Foreign exchange traders explained that the Middle East conflict has led to soaring international energy prices, which has already impacted the economy and commodity prices. With the shadow of inflation present, the US Federal Reserve will not consider cutting interest rates for the time being. This means that the previously anticipated scenario of a Fed rate cut, a weaker US dollar, and an appreciating NTD "will not be seen recently." The NTD lacks reasons to stop falling and rebound in the short term. (Editor: Yang Kai-hsiang) 1150409
Foreign exchange traders frankly stated that they initially thought the news of the US-Iran ceasefire agreement would keep the market optimistic for a few days, but it turned out to be only a one-day rally.
The Middle East situation is volatile, and market sentiment has returned to caution. The Taiwan stock market today fluctuated around the flat line; TSMC's last-minute surge of NT$15 pulled the concentrated market index from negative to positive, closing up 99.78 points at 34861.16 points.
The New Taiwan Dollar (NTD) opened at NT$31.79 against the US dollar today. Affected by the US dollar's rebound and two-way operations by foreign investors, it depreciated, touching a low of NT$31.835. In the afternoon, due to an influx of foreign capital, it rose to a high of NT$31.74 during trading.
Foreign exchange traders pointed out that the NTD had been consolidating around NT$32 for quite some time. Now, with three consecutive days of appreciation, returning to the NT$31.7 to NT$31.8 range, it is estimated that there is a considerable amount of US dollar buying demand to be absorbed. In the short term, they will observe whether the Middle East situation moves in a positive direction. If no new negative factors emerge, there might be a chance for it to stabilize in this range, but as long as the war has not ended, "it won't appreciate much further."
Foreign exchange traders explained that the Middle East conflict has led to soaring international energy prices, which has already impacted the economy and commodity prices. With the shadow of inflation present, the US Federal Reserve will not consider cutting interest rates for the time being. This means that the previously anticipated scenario of a Fed rate cut, a weaker US dollar, and an appreciating NTD "will not be seen recently." The NTD lacks reasons to stop falling and rebound in the short term. (Editor: Yang Kai-hsiang) 1150409