Markets Await Fed Decision as New Taiwan Dollar Ends Four-Day Gain with Slight Depreciation
Key facts
- Markets Await Fed Decision as New Taiwan Dollar Ends Four-Day Gain with Slight Depreciation
- With the U.S. Federal Reserve's interest rate decision approaching, markets remained cautious. The New Taiwan Dollar slightly depreciated, ending its four-day winning streak.
- Source: PR Times
- Date: June 17, 2026
Direct answer
With the U.S. Federal Reserve's interest rate decision approaching, markets remained cautious. The New Taiwan Dollar slightly depreciated, ending its four-day winning streak.
- Citation
- Markets Await Fed Decision as New Taiwan Dollar Ends Four-Day Gain with Slight Depreciation (June 17, 2026), PR Times
- Source
- PR Times
- Date
- June 17, 2026
With the U.S. Federal Reserve's interest rate decision approaching, markets remained cautious. The New Taiwan Dollar slightly depreciated, ending its four-day winning streak.
📋 Article Processing Timeline
- 📰 Published: June 17, 2026 at 19:22
- 🔍 Collected: June 17, 2026 at 19:30 (8 min after Published)
- 🤖 AI Analyzed: June 19, 2026 at 06:57 (35h 27m after Collected)
Central News Agency
(CNA reporter Pan Tzu-yu, Taipei, June 17) The outcome of the U.S. Federal Reserve's interest rate meeting is imminent, and markets are holding their breath. Financial markets today were dominated by a wait-and-see sentiment, causing the New Taiwan Dollar (NTD) to trade in a narrow range against the U.S. dollar. The currency closed at 31.575, down 1.6 cents, ending its four-day consecutive appreciation. Total trading volume in the Taipei and Yuan Ta foreign exchange markets reached $2.355 billion.
This week marks a 'Super Central Bank Week.' The Bank of Japan raised interest rates by 25 basis points as expected, yet the Japanese yen remains weak, continuing to trade around the 160 level. The U.S. Federal Reserve (Fed) will announce its latest interest rate decision and economic forecast at 18:00 Taiwan time on June 18. Although a hold is highly likely, investors are closely watching the Fed's stance on inflation and future policy direction.
Ahead of the Fed's decision, both stock and foreign exchange markets saw mild fluctuations. The Taiwan Weighted Index closed in positive territory, rising 68.2 points to 45,877.39.
The NTD opened at 31.58. Due to prevailing market caution, some foreign capital moved funds out as a precaution, causing the exchange rate to consolidate narrowly around the 31.5 level. The intraday high was 31.538, and the low was 31.59, with a daily range under 6 cents and relatively thin trading volume.
Foreign exchange traders noted that investors are highly focused on the signals from this Fed meeting—not only because it marks the debut of new Fed Chair Walsh, but also because of how he will balance inflation concerns with political pressure from President Trump to cut rates.
Traders further stated that AI has been a key driver in global financial markets this year, fueling historic rallies in U.S., Taiwan, and South Korean stocks. However, concerns about asset bubbles have triggered periodic corrections. With risk appetite still elevated, the Fed's 'hawkish' or 'dovish' tone will influence market sentiment. Unexpected remarks could spark volatility. (Edited by Yang Lan-hsuan) 1150617
(CNA reporter Pan Tzu-yu, Taipei, June 17) The outcome of the U.S. Federal Reserve's interest rate meeting is imminent, and markets are holding their breath. Financial markets today were dominated by a wait-and-see sentiment, causing the New Taiwan Dollar (NTD) to trade in a narrow range against the U.S. dollar. The currency closed at 31.575, down 1.6 cents, ending its four-day consecutive appreciation. Total trading volume in the Taipei and Yuan Ta foreign exchange markets reached $2.355 billion.
This week marks a 'Super Central Bank Week.' The Bank of Japan raised interest rates by 25 basis points as expected, yet the Japanese yen remains weak, continuing to trade around the 160 level. The U.S. Federal Reserve (Fed) will announce its latest interest rate decision and economic forecast at 18:00 Taiwan time on June 18. Although a hold is highly likely, investors are closely watching the Fed's stance on inflation and future policy direction.
Ahead of the Fed's decision, both stock and foreign exchange markets saw mild fluctuations. The Taiwan Weighted Index closed in positive territory, rising 68.2 points to 45,877.39.
The NTD opened at 31.58. Due to prevailing market caution, some foreign capital moved funds out as a precaution, causing the exchange rate to consolidate narrowly around the 31.5 level. The intraday high was 31.538, and the low was 31.59, with a daily range under 6 cents and relatively thin trading volume.
Foreign exchange traders noted that investors are highly focused on the signals from this Fed meeting—not only because it marks the debut of new Fed Chair Walsh, but also because of how he will balance inflation concerns with political pressure from President Trump to cut rates.
Traders further stated that AI has been a key driver in global financial markets this year, fueling historic rallies in U.S., Taiwan, and South Korean stocks. However, concerns about asset bubbles have triggered periodic corrections. With risk appetite still elevated, the Fed's 'hawkish' or 'dovish' tone will influence market sentiment. Unexpected remarks could spark volatility. (Edited by Yang Lan-hsuan) 1150617
FAQ
What was today's closing rate for the New Taiwan Dollar?
It closed at 31.575, down 1.6 cents from yesterday.
What was the forex market trading volume?
Total volume reached $2.355 billion across Taipei and Yuan Ta markets.
When will the Fed announce its decision?
The announcement is scheduled for early morning on June 18, Taiwan time.
What was the impact of the Bank of Japan's rate hike?
Despite a 25 bps hike, the yen remains weak around 160.
How is AI affecting financial markets?
AI has driven historic rallies but also raised bubble concerns.