News / Taiwan / cnyes
TWD Gains 7.7 Cents to Close at 31.848 Amid Thin Trading
Finance · Investment Banks/Brokers · cnyes · 2026-08-21
The New Taiwan Dollar strengthened to 31.848 against the USD today, supported by capital inflows despite a contraction in overall trading volume.
What Happened
Currency Performance: The New Taiwan Dollar showed resilience today, closing at 31.848, up 7.7 cents, as trading volume on the Taipei Foreign Exchange market thinned to $1.13 billion.
Asian Market Trends: Regional currencies largely trended higher, with the Korean Won leading gains at 0.8% and the Thai Baht rising over 0.5%, while the TWD posted a 0.24% appreciation.
Bond Market Factors: Analysts at Yuanta Investment Consulting noted that the market remains indifferent to the U.S. Treasury's expanded bond buyback program, with focus shifting toward the record-high yields in Japanese government bonds.
Geopolitical Outlook: Uni-President Securities highlighted that rising geopolitical tensions have pushed up oil prices and the VIX index, as investors await cues on interest rate policy from the upcoming Jackson Hole central bank symposium.