News / Taiwan / cnyes
TWD Strengthens Against USD as Capital Inflows Return, Ending Five-Week Winning Streak
Finance · Major Banks · cnyes · 2026-09-04
The New Taiwan Dollar surged 1.25 cents to close at 31.63 against the USD following dovish Fed signals, though it still posted a weekly decline.
What Happened
Currency Market Performance: The New Taiwan Dollar saw a strong rebound against the US dollar today, closing up 1.25 cents at 31.63. Total trading volume in the Taipei and Yuanta foreign exchange markets reached $2.5925 billion, reflecting active market participation.
Weekly Trend: Despite today's gains, the currency recorded a slight weekly decline of 0.2 cents as foreign capital outflows dominated the earlier part of the week. This drop officially marks the end of a five-week appreciation streak for the TWD.
Stock Market Rebound: Encouraged by a recovery in US markets, the Taiwan Stock Exchange staged a significant rally led by heavyweights like MediaTek and Yageo. The benchmark index surged 693.47 points, successfully reclaiming the 5-day moving average.
Regional Currency Dynamics: Asian currencies generally strengthened today, led by the Japanese Yen amid intervention and rate hike expectations. The TWD, KRW, SGD, and CNY all saw gains, indicating broad support for regional currencies as the US dollar softened.