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TWD Slips to 31.548 Against USD Amid Strong Buying Interest

Finance · Major Banks · cnyes · 2026-09-10

The New Taiwan Dollar weakened to close at 31.548 against the U.S. dollar today as increased buying pressure weighed on the currency during afternoon trading.

What Happened

Currency Performance: The New Taiwan Dollar experienced a volatile session today, ultimately closing at 31.548, down 4.3 cents. Trading volume at the Taipei Foreign Exchange Market increased to $1.939 billion as market participants adjusted their positions.

Regional Context: Across Asia, most currencies faced downward pressure, with the Korean Won falling nearly 0.2% and the TWD declining by 0.14%. The U.S. Dollar Index saw a slight dip, reflecting a cautious market sentiment ahead of upcoming Federal Reserve policy updates.

Economic Fundamentals: Taiwan's exports surged 41% year-on-year in August, hitting a new monthly record driven by robust AI demand. While traditional industries show uneven recovery, the significant trade surplus continues to provide a structural floor for the local currency.

Market Outlook: Analysts remain optimistic about Taiwan's equity fundamentals, particularly within the AI supply chain, despite ongoing global uncertainties. Geopolitical tensions, volatile oil prices, and bond market fluctuations remain key risks that could constrain short-term market performance.

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