Hot Money Floods into New Taiwan Dollar, Causing Massive Volume; Central Bank Strongly Intervenes, Closing at 31.556

AI Summary (NQ-processed)

Driven by optimistic expectations of a US-Iran agreement and a surge in hot money, the New Taiwan Dollar strengthened significantly against the US Dollar, briefly touching 31.5. The central bank intervened to curb rapid appreciation, with the NTD closing at 31.556, up 9.4 cents, amidst a record trading volume of $3.698 billion.