New Taiwan Dollar breaks 29.5 yuan, reaching a three-year high: Strong exports support the market, leading the rise in Asian currencies.

The Taiwan dollar rose above 29.5 yuan today, the weakening of the US dollar due to the Iran-Israel truce, and the continued strong export of computers and electronic products from Taiwan, all of which are the driving forces for the continued appreciation of the Taiwan dollar. (Synopsis: The Taiwan dollar has skyrocketed, and the central bank has stopped fighting? Interpretation of Yang Jinlong's mouth "self-occupants loosen loans") (Background supplement: Yang Jinlong clarifies the "truth of the explosion of the Taiwan dollar": the central bank has not been instructed by the United States, and the market is full of false information to interfere with expectations) The exchange rate of the new Taiwan dollar against the US dollar rose above 29.5 yuan in early trading today (25), and is now at 29.38 yuan, a new high in nearly three years. Analysts pointed out that the easing of tensions between Iran and Israel, the weakening of the dollar due to the fading risk aversion, and the continued strong export of computers and electronic products from Taiwan have pushed the Taiwan dollar to continue to appreciate. At present, the central bank seems to maintain a wait-and-see attitude towards exchange rate appreciation and has no clear means of intervention. Export Growth Boosts Taiwan Dollar While currency appreciation may make it cheaper for domestic businessmen to buy things from abroad, it is good for imports but not good for exports. However, according to the Economic Daily, Taiwan's manufacturing production increased by 24% annually in May, of which computers and electronic products increased by 89.3%, without a significant recession and driving an increase in foreign exchange income, further supporting the trend of the Taiwan dollar. In the context of the recent weakening of the US dollar, Asian currencies have generally appreciated (the yen, Singapore dollar, renminbi, etc. have strengthened simultaneously), but the Taiwan dollar has risen the largest among Asian currencies. People's Bank of China: Appreciation has both advantages and disadvantages Yang Jinlong, governor of the central bank, has repeatedly said that the impact of the appreciation of the Taiwan dollar on the economy is limited: "Prices are our main goal. The exchange rate is determined by market supply and demand, and if there are uncertainties or irregular changes, the central bank will maintain market order." The market analyzed that as long as the exchange rate does not fluctuate sharply, the central bank will tolerate a slight appreciation of the Taiwan dollar at the current price, after all, the central bank may want to avoid excessive intervention, so as not to be regarded by the Trump administration as a list of "exchange rate manipulators". Related reports Yang Jinlong: The "soft landing" of Taiwan's housing market has taken initial effect, but the central bank's control will not be relaxed, and it does not want to repeat the Japanese bubble: The volatility of the new Taiwan dollar "far exceeds that of Bitcoin"! Netizens went to the central bank Facebook: the export industry will collapse, Yang Jinlong is still sleeping The central bank does not rule out the "eighth wave of house fighting" Yang Jinlong: crazy buying will spawn a huge bubble, must be shot in advance "New Taiwan dollar rose above 29.5 yuan to hit a three-year high: exports are strongly supported, the top of Asian currency gains" This article was first published in BlockTempo "Dynamic Trend - The Most Influential Blockchain News Media".