According to PANews, QCP Capital stated that the New Taiwan Dollar surged 8% this Monday, while currencies in the Asia-Pacific region, such as the Korean Won, generally strengthened. The spot rate of the New Taiwan Dollar and the one-year forward contract spread reached a 20-year high. The main reasons are the market's speculation on the US-Taiwan trade agreement and Taiwanese insurance institutions increasing their dollar asset hedging.
QCP believes that this may be an early signal of a global capital flow adjustment, similar to the significant fluctuations seen last year with the Japanese Yen due to interest rate differentials. Gold prices rose nearly 3% on Monday, reflecting the market's concerns about a weakening dollar and geopolitical risks. In the future, Bitcoin may be affected by this, either decoupling from gold trends or benefiting from progress in trade negotiations, while the foreign exchange market may serve as a barometer for macro changes.
