Oil Prices Rise Again; New Taiwan Dollar Ends Up 0.6 Cents After Dipping Below 31.6
NQ Score
80/100
AI Summary (NQ-processed)
Amid unresolved Middle East conflicts and a renewed surge in international oil prices, inflation concerns have prompted bets on a delayed rate cut by the U.S. Federal Reserve. This pressured Asian currencies, with the New Taiwan Dollar dropping below 31.6 against the USD during intraday trading on the 18th. However, late-session selling by exporters and central bank intervention led to a reversal, with the NTD closing at 31.545, up 0.6 cents, halting a four-day losing streak.
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