💱US Dollar/Taiwan Dollar FX Spot Rate
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▲ PositiveMonetaryrelevance
Fed signals potentially higher rates, strengthening USD; Taiwan central bank expected to hold rates, weakening TWD.
Impact on assets 1
Others
The Taiwan stock market is tipped to open in the red on Thursday, with profit taking likely after four straight sessions of gains that added more than 2,750 points to the Taiwan Stock Exchange, leaving it just above the 45,875-point plateau. The TSE finished modestly higher on Wednesday, rising 68.20 points or 0.15 percent to 45,877.39, led by finance and plastics sectors while technology stocks were mixed. The negative lead from Wall Street, where the Dow dropped 507.12 points, the NASDAQ slumped 354.69 points, and the S&P 500 sank 91.25 points after the Federal Reserve held rates steady but signaled potentially higher rates by year-end, is expected to weigh on Asian markets. Taiwan's de facto central bank is set to announce its interest rate decision later today, with no change expected from the current 2.00 percent.
Fed signals potentially higher rates, strengthening USD; Taiwan central bank expected to hold rates, weakening TWD.