New Taiwan Dollar Ends 3-Day Rally, Weekly Gains Remain for Second Consecutive Week
Influenced by easing Middle East tensions, the New Taiwan Dollar depreciated by 0.04 against the US Dollar today, closing at 31.596 and ending its three-day upward trend. However, capital inflows due to reduced risk aversion led to a second consecutive weekly gain for the NTD.
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- 📰 Published: April 17, 2026 at 18:39
- 🔍 Collected: April 17, 2026 at 19:01 (22 min after Published)
- 🤖 AI Analyzed: April 18, 2026 at 21:31 (26h 29m after Collected)
(Central News Agency Reporter Pan Tzu-yu, Taipei, April 17) With the two-week deadline for a ceasefire between the US and Iran approaching, the market has turned to observation. Today, stocks and foreign exchange markets both declined. The New Taiwan Dollar closed at 31.596 against the US Dollar, depreciating by 4 cents and ending its three-day streak of appreciation. However, with the cooling of Middle East tensions, signs of capital returning have emerged, resulting in the New Taiwan Dollar achieving its second consecutive weekly gain.
Investors are closely watching for signs of further negotiations between the US and Iran, and whether the ceasefire agreement will be extended after its expiration next week. As market sentiment leans towards caution, the US Dollar Index strengthened. According to the Central Bank's statistics, the US Dollar Index rebounded by 0.09% today. Major Asian currencies all weakened: the RMB fell by 0.12%, the New Taiwan Dollar depreciated by 0.13%, the Japanese Yen dropped by 0.26%, and the Korean Won saw the heaviest decline, depreciating by 0.58%.
The New Taiwan Dollar opened at 31.59 against the US Dollar today. Due to divergent news, the early morning saw increased volatility, reaching a high of 31.541 and a low of 31.6. It later fluctuated and closed at 31.596.
Both stock and foreign exchange markets declined today. The Taiwan Stock Exchange opened higher at 37145.66 points, dipping to a low of 36776.28 points during the session, and closed down 327.68 points at 36804.34 points.
Forex traders indicated that foreign capital operated in both directions today. Importers bought at lower levels, and as soon as the exchange rate depreciated, exporters entered the market to sell foreign currency, leading to a tug-of-war and a stalemate in exchange rates.
Looking back at the New Taiwan Dollar's trend this week, as Middle East conflicts eased and risk aversion subsided, hot money flowed in, driving both stocks and foreign exchange up. The exchange rate jumped from the 31.7 level to the 31.5 level. Despite a slight depreciation on the last trading day, the week's cumulative gain was 1.3 Jiao, or 0.41%, marking the second consecutive weekly rise.
Forex traders believe that the Middle East conflict seems to be winding down, but it's unclear how long it will take to reach its conclusion. Coupled with the Taiwan stock market's pullback after reaching new highs, it may require time for consolidation. The short-term outlook suggests a trading range between 31.500 and 31.700. (Editor: Lin Shu-yuan) 0417115
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Investors are closely watching for signs of further negotiations between the US and Iran, and whether the ceasefire agreement will be extended after its expiration next week. As market sentiment leans towards caution, the US Dollar Index strengthened. According to the Central Bank's statistics, the US Dollar Index rebounded by 0.09% today. Major Asian currencies all weakened: the RMB fell by 0.12%, the New Taiwan Dollar depreciated by 0.13%, the Japanese Yen dropped by 0.26%, and the Korean Won saw the heaviest decline, depreciating by 0.58%.
The New Taiwan Dollar opened at 31.59 against the US Dollar today. Due to divergent news, the early morning saw increased volatility, reaching a high of 31.541 and a low of 31.6. It later fluctuated and closed at 31.596.
Both stock and foreign exchange markets declined today. The Taiwan Stock Exchange opened higher at 37145.66 points, dipping to a low of 36776.28 points during the session, and closed down 327.68 points at 36804.34 points.
Forex traders indicated that foreign capital operated in both directions today. Importers bought at lower levels, and as soon as the exchange rate depreciated, exporters entered the market to sell foreign currency, leading to a tug-of-war and a stalemate in exchange rates.
Looking back at the New Taiwan Dollar's trend this week, as Middle East conflicts eased and risk aversion subsided, hot money flowed in, driving both stocks and foreign exchange up. The exchange rate jumped from the 31.7 level to the 31.5 level. Despite a slight depreciation on the last trading day, the week's cumulative gain was 1.3 Jiao, or 0.41%, marking the second consecutive weekly rise.
Forex traders believe that the Middle East conflict seems to be winding down, but it's unclear how long it will take to reach its conclusion. Coupled with the Taiwan stock market's pullback after reaching new highs, it may require time for consolidation. The short-term outlook suggests a trading range between 31.500 and 31.700. (Editor: Lin Shu-yuan) 0417115
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Text, images, and videos on this website may not be reproduced, broadcast, or transmitted without authorization.