Awaiting US-Iran Talks, New Taiwan Dollar Depreciates Then Appreciates to Close at NT$31.748

AI Summary (NQ-processed)

After an initial rally following the US President's ceasefire announcement, markets turned cautious due to cracks in the agreement. The New Taiwan Dollar (NTD) initially depreciated against the US dollar to NT$31.835 but later rebounded to NT$31.74 due to foreign capital inflows, closing at NT$31.748. Foreign exchange traders noted that persistent uncertainty in the Middle East diminishes expectations for a Fed rate cut, limiting significant NTD appreciation. Rising international energy prices from the conflict exacerbate inflation concerns, making Fed rate cuts unlikely.