Dollar rose Thursday against the Taiwan dollar, adding NT$0.008 to close at NT$31.428. Hit its high for the session right at the close. Volume came in at $1.656 billion, which is pretty decent for a regular trading day.<\/p>\n
Opened around NT$31.410. Dropped to NT$31.379 midday before climbing back up to finish strong. The range stayed tight throughout \u2013 only about NT$0.049 from low to high. Not violent moves either way, just consistent dollar strength grinding higher.<\/p>\n
Dollar strength wasn\u2019t specific to Taiwan. The greenback was rallying across Asia broadly Thursday on mixed US economic signals and Fed rate cut speculation shifting around. When the dollar climbs elsewhere regionally, Taiwan dollar usually gets dragged along. It\u2019s just how regional flows work when one currency\u2019s catching a bid everywhere.<\/p>\n
NT$31.428 keeps the Taiwan dollar in the middle of where it\u2019s been trading recently. Earlier in May it touched NT$31.65 on the weaker side when risk sentiment soured. Back around late May it briefly hit NT$31.25 on the stronger side. Current levels are basically normal. Nothing screaming either direction.<\/p>\n
The turnaround from lows suggests buying pressure came in late in the session. Someone probably saw NT$31.379 as too cheap and loaded up, pushing price higher into the close. That\u2019s typical for Taipei forex \u2013 you get a dip early or midday, then late-session buyers step in if price gets attractive enough.<\/p>\n