The selling pressure of the US dollar surged like a tsunami, causing the New Taiwan dollar to soar 4.5% against the US dollar.

Jin10 data May 5 news, the New Taiwan Dollar against the US Dollar opened on Monday with another surge, rising over 1.39 yuan, a big pump of 4.5%. Forex analysts pointed out that the market's expectation for appreciation is too strong, and there is almost no buying pressure for the US Dollar, making it hard to sell (US Dollars). A trader from a medium-sized commercial bank stated, "There is basically no one answering the phone at the Taipei forex center, I could only sell one lot, but I've already lost over a million (NTD)!" The individual noted that it is impossible to predict when this appreciation of the New Taiwan Dollar will end, "It depends on when the monetary policy authorities will come out!"