US-Iran Agreement Expected, Stock and Forex Markets Rejoice: New Taiwan Dollar Rises Over 0.1 NTD to 31.3
Optimism about a US-Iran agreement and strong AMD earnings led to a drop in international oil prices and a return of hot money. Taiwan's stock market surpassed 42,000 points, and the New Taiwan Dollar rose over 0.1 NTD against the US Dollar, reaching the 31.3 range.
📋 Article Processing Timeline
- 📰 Published: May 7, 2026 at 10:55
- 🔍 Collected: May 7, 2026 at 11:01 (6 min after Published)
- 🤖 AI Analyzed: May 7, 2026 at 11:39 (37 min after Collected)
Central News Agency
(Central News Agency reporter Pan Tzu-yu, Taipei, 7th) Market optimism about US-Iran negotiations, a drop in international oil prices, and a rebound in risk appetite led to a large inflow of hot money, causing both stock and foreign exchange markets to rise. The Taiwan stock market briefly surpassed 42,000 points in early trading, and the New Taiwan Dollar appreciated by over 0.1 NTD against the US Dollar, breaking into the 31.3 NTD range.
The United States and Iran are reportedly trying to finalize details of a one-page memorandum aimed at ending hostilities. Signs of a potential resolution to the Middle East conflict boosted market sentiment. In addition, AMD announced strong financial results, driving up chip stocks and other artificial intelligence (AI) related concept stocks. Major US stock indices closed higher, with the S&P and Nasdaq reaching new highs.
The market was filled with optimism, and the Taiwan stock market opened strongly today. The TAIEX briefly surged past the new historical milestone of 42,000 points in early trading, reaching a high of 42,131.81 points, continuing to set a new intraday high, up 992.96 points.
A weakening US Dollar, a strong Taiwan stock market, and an influx of hot money—these three factors supported the continued appreciation of the New Taiwan Dollar. The New Taiwan Dollar opened at 31.45 NTD against the US Dollar today and broke through 31.4 NTD in just about 10 minutes. It rose to a high of 31.362 NTD in early trading, a strong appreciation of 0.126 NTD.
Foreign exchange bankers analyzed that the recent surge in Taiwan stocks has been astonishing, with a large inflow of foreign capital providing strong upward momentum for the New Taiwan Dollar. If the Middle East conflict ends smoothly, it is expected to add more fuel to the rally. However, the US-Iran conflict is volatile, and whether it can truly end as the outside world expects remains to be seen. (Editor: Yang Lan-hsuan) 1150507
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(Central News Agency reporter Pan Tzu-yu, Taipei, 7th) Market optimism about US-Iran negotiations, a drop in international oil prices, and a rebound in risk appetite led to a large inflow of hot money, causing both stock and foreign exchange markets to rise. The Taiwan stock market briefly surpassed 42,000 points in early trading, and the New Taiwan Dollar appreciated by over 0.1 NTD against the US Dollar, breaking into the 31.3 NTD range.
The United States and Iran are reportedly trying to finalize details of a one-page memorandum aimed at ending hostilities. Signs of a potential resolution to the Middle East conflict boosted market sentiment. In addition, AMD announced strong financial results, driving up chip stocks and other artificial intelligence (AI) related concept stocks. Major US stock indices closed higher, with the S&P and Nasdaq reaching new highs.
The market was filled with optimism, and the Taiwan stock market opened strongly today. The TAIEX briefly surged past the new historical milestone of 42,000 points in early trading, reaching a high of 42,131.81 points, continuing to set a new intraday high, up 992.96 points.
A weakening US Dollar, a strong Taiwan stock market, and an influx of hot money—these three factors supported the continued appreciation of the New Taiwan Dollar. The New Taiwan Dollar opened at 31.45 NTD against the US Dollar today and broke through 31.4 NTD in just about 10 minutes. It rose to a high of 31.362 NTD in early trading, a strong appreciation of 0.126 NTD.
Foreign exchange bankers analyzed that the recent surge in Taiwan stocks has been astonishing, with a large inflow of foreign capital providing strong upward momentum for the New Taiwan Dollar. If the Middle East conflict ends smoothly, it is expected to add more fuel to the rally. However, the US-Iran conflict is volatile, and whether it can truly end as the outside world expects remains to be seen. (Editor: Yang Lan-hsuan) 1150507
Choose to stand with the facts, every sponsorship you make is a force to protect press freedom.
Download the Central News Agency "First-hand News" APP to stay updated with the latest news.
The text, images, and audio-visual content on this website may not be reproduced, publicly broadcast, or publicly transmitted and used without authorization.