US-Iran Ceasefire for Two Weeks, Stock and Forex Markets Celebrate as NTD Surges Over 1.4 Jiao
Asian markets and the New Taiwan Dollar rallied significantly after reports of a two-week ceasefire between the US and Iran and the reopening of the Strait of Hormuz. The TWD strengthened by over 1.4 jiao against the USD, reflecting reduced geopolitical risk.
📋 Article Processing Timeline
- 📰 Published: April 8, 2026 at 10:40
- 🔍 Collected: April 8, 2026 at 11:00 (20 min after Published)
- 🤖 AI Analyzed: April 20, 2026 at 12:42 (289h 42m after Collected)
The US and Iran have agreed to a two-week ceasefire, with Tehran temporarily reopening the Strait of Hormuz for navigation, which has inspired a surge in Asian stock markets this morning. The Taiwan Stock Exchange (TAIEX) at one point broke through 12000 points.
As risk aversion sentiment fades, the US dollar index has fallen accordingly. Coupled with the strong rebound in the Taiwan stock market, the New Taiwan Dollar opened at 31.89 against the US dollar and then immediately embarked on a sharp upward trend, reaching 31.822, a strong gain of over 1.4 jiao.
Forex officials analyzed that the US-Iran conflict has been the biggest shadow looming over financial markets. While negative news has slightly dulled recently, risk aversion sentiment has been difficult to eliminate. Now that positive progress is reported, it boosts investor morale. However, the Middle East conflict is volatile, and it is still necessary to closely monitor developments. (Editor: Zhang Junmao) 1150408
As risk aversion sentiment fades, the US dollar index has fallen accordingly. Coupled with the strong rebound in the Taiwan stock market, the New Taiwan Dollar opened at 31.89 against the US dollar and then immediately embarked on a sharp upward trend, reaching 31.822, a strong gain of over 1.4 jiao.
Forex officials analyzed that the US-Iran conflict has been the biggest shadow looming over financial markets. While negative news has slightly dulled recently, risk aversion sentiment has been difficult to eliminate. Now that positive progress is reported, it boosts investor morale. However, the Middle East conflict is volatile, and it is still necessary to closely monitor developments. (Editor: Zhang Junmao) 1150408