Stock and Forex Decouple: NTD Depreciates 5.1 Cents, Ending 2-Day Winning Streak
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Geopolitical tensions in the Middle East have driven safe-haven funds back to the US dollar, causing Asian currencies to weaken. The New Taiwan Dollar (NTD) closed at 31.54 against the USD, down 5.1 cents, ending a two-day rise despite gains in the Taiwan stock market.