US-Iran Talks Fail, Risk Aversion Rises Again, New Taiwan Dollar Ends 4-Day Appreciation Streak
NQ Score
100/100
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.
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Frequently Asked Questions
- Q: What was the closing exchange rate of the New Taiwan Dollar against the US Dollar on April 13 and how much did it depreciate?
- A: The New Taiwan Dollar closed at 31.785 against the US Dollar on April 13, depreciating by 5.9 cents and ending a four-day appreciation streak.
- Q: What impact did the failure of US-Iran ceasefire talks have on Asian financial markets on April 13?
- A: The failure of US-Iran ceasefire talks led to renewed risk aversion, increased the US Dollar index, and caused most Asian currencies to weaken on April 13.
- Q: How much did foreign investors withdraw from the Taiwan stock market and how did this affect the New Taiwan Dollar?
- A: Foreign investors withdrew NTD 16.13 billion from the Taiwan stock market, remitted funds out of the foreign exchange market, and contributed to the New Taiwan Dollar's depreciation.
- Q: What action did the Central Bank of Taiwan take during the foreign exchange session on April 13 and why?
- A: The Central Bank intervened at the close on April 13 to stabilize the foreign exchange market and alleviate imported inflation pressure, helping the New Taiwan Dollar recover to the 31.7 level.
- Q: What is the expected trading range for the New Taiwan Dollar against the US Dollar in the coming week and what factors support this outlook?
- A: The New Taiwan Dollar is expected to trade between 31.7 and 32.1 this week, supported by reduced market volatility and the Central Bank's commitment to stability.