US-Iran Ceasefire for Two Weeks, Stock and Forex Markets Celebrate as NTD Surges Over 1.4 Jiao
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Asian markets and the New Taiwan Dollar rallied significantly after reports of a two-week ceasefire between the US and Iran and the reopening of the Strait of Hormuz. The TWD strengthened by over 1.4 jiao against the USD, reflecting reduced geopolitical risk.