US-Iran Talks Fail, Risk Aversion Rises Again, New Taiwan Dollar Ends 4-Day Appreciation Streak

AI Summary (NQ-processed)

On April 13, 2026, the New Taiwan Dollar (NTD) depreciated by 5.9 cents against the US Dollar, closing at 31.785, ending a four-day appreciation streak. This was due to renewed risk aversion following the failure of US-Iran ceasefire talks and a subsequent rise in the US Dollar index, which weakened most Asian currencies. The total transaction volume in the Taipei and Yuanta foreign exchange markets was US$2.0025 billion. Despite the Taiwan stock market reaching a new closing high of 35457.29 points, foreign investors withdrew NTD 16.13 billion, contributing to the NTD's depreciation pressure. The Central Bank stated its intention to stabilize the foreign exchange market to mitigate imported inflation, with foreign exchange traders expecting the NTD to trade between 31.7 and 32.1 this week. Concerns about rising international oil prices and their potential negative impact on industries and the economy persist.