News / Taiwan / cnyes
New Taiwan Dollar Edges Higher Amid Inbound Capital Flows
Finance · Major Banks · cnyes · 2026-09-08
The New Taiwan Dollar closed at 31.535 against the USD, rising 1.7 cents as market sentiment remains focused on Fed policy and geopolitical developments.
What Happened
Market Overview: The New Taiwan Dollar (TWD) closed at 31.535 against the US Dollar, marking a slight gain of 1.7 cents. Trading volume at the Taipei Foreign Exchange reached US$1.782 billion, indicating strong inbound capital flows.
Intraday Volatility: The TWD opened and briefly broke through the 31.5 level, reaching a high of 31.456 during the session. The currency experienced volatility throughout the day with a range of 1.09 cents, reflecting ongoing market sensitivity to Fed policy and geopolitical risks.
Regional Currency Comparison: Among Asian currencies, the Japanese Yen continued to strengthen, while the Korean Won traded near flat. The Singapore Dollar and Thai Baht saw slight depreciation, leaving the TWD as one of the more resilient currencies in the region today.
Key Market Drivers: Despite concerns over high US Treasury yields and tensions in the Middle East, liquidity measures from the US Treasury have provided some market stability. Investors are now closely watching for further signals from the Federal Reserve to gauge the future direction of the currency.