News / Taiwan / cnyes
TWD Strengthens Slightly to 31.505 Amid Market Caution
Finance · Investment Banks/Brokers · cnyes · 2026-09-09
The New Taiwan Dollar closed higher at 31.505 against the USD as investors await key US inflation data and the upcoming Federal Reserve policy decision.
What Happened
Currency Performance: The New Taiwan Dollar strengthened today, closing at 31.505 against the USD. Trading volume at the Taipei Foreign Exchange Market shrank to US$1.457 billion, reflecting a cautious market sentiment.
Asian Currencies: Among major Asian currencies, the Japanese Yen and South Korean Won showed strength with gains exceeding 0.2%, while the TWD rose by 0.1%. The US Dollar Index saw a slight decline as investors wait for the FOMC decision.
Market Caution: Investors are currently awaiting US inflation data due this week to gauge the Federal Reserve's interest rate path. Analysts suggest that as long as oil prices and US Treasury yields remain stable, the stock market is unlikely to face a major downturn.
Stock Market Support: Analysts noted that the Taiwan stock market maintains a bullish technical trend. Supported by strong revenue from AI-related firms and the upcoming Apple product launch, the market continues to see buying interest, which in turn supports the TWD.