The US dollar stood at 103, Huida's personnel scandal disturbed Taiwan stocks, and the New Taiwan dollar fell to 32.916 yuan at midday.

Expectations for the Federal Reserve to raise interest rates continue to grow. The U.S. dollar index continues its rise and stands above 103. Coupled with Huida's news that the board of directors may discuss the CEO's resignation, Taiwan's stock market has turned from red to black, and the stock exchange rate has simultaneously come under pressure. The exchange rate of the New Taiwan dollar against the U.S. dollar temporarily closed at 32.916 yuan at noon, depreciating 5.6 cents. The trading volume of Taipei Foreign Exchange Brokerage Company was 837 million U.S. dollars.

U.S. inflation in October was higher than expected, coupled with the hawkish tone of Federal Reserve officials, the market continued to adjust subsequent interest rate expectations, and some international institutions have extended interest rate hike forecasts to next year, supporting the continued strength of the U.S. dollar.

However, the trends of major Asian currencies are divergent, with the Korean won and the Chinese yuan relatively supportive; the Japanese yen once fell to 159.94 yen per US dollar, approaching the 160 mark. As Japanese officials warned that the recent exchange rate changes have been too rapid, it stabilized slightly during the session, returning to around 159.77.

The New Taiwan dollar opened at 32.9 yuan this morning, depreciating 4 cents. It once rebounded to 32.85 yuan during the session. However, as the Taiwan stock market turned from red to black, the exchange rate weakened again, falling back to 32.9 yuan at midday. In addition to the trend of the U.S. dollar, whether the strength of foreign capital remittances that slowed down yesterday will increase again will still be the key to the trend of the New Taiwan dollar.