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Fluctuation intensified, and the New Taiwan Dollar created its biggest rise since May.
According to Jin10 data on July 1, during Tuesday’s morning trading, the New Taiwan Dollar experienced Fluctuation again, rising 2.4% against the US Dollar to 29.21, marking the largest increase since May, after a fall of 2.5% on Monday. This move has raised the New Taiwan Dollar’s rise this year to 12%, making it the best-performing currency in the Asian region. The New Taiwan Dollar experienced a sudden fall pattern on Monday and Friday’s closing, triggering rumors that the monetary policy authority in Taiwan is intervening to curb the strength of the New Taiwan Dollar.