Taiwan Dollar Volatility:
New macro market signals and potential changes in Bitcoin QCP Capital pointed out that this Monday, the Taiwan dollar rose by 8% in a single day, and other Asia-Pacific currencies such as the Korean won also strengthened collectively, with the spot and one-year forward contract spread of the Taiwan dollar reaching a 20-year high.
This volatility stems from the warming expectations of the MT trade agreement, coupled with Taiwanese insurance institutions increasing their hedging of US dollar assets.
QCP believes that this phenomenon may be an early sign of adjustments in the global capital flow pattern, similar to the sharp fluctuations of the Japanese yen last year due to interest rate differentials.
Meanwhile, gold prices surged nearly 3% on Monday, reflecting market concerns about a weakening US dollar and geopolitical risks.
Looking ahead, Bitcoin's price movement may be affected by this:
Its price may diverge from gold's trend or benefit from advancing trade negotiations, and dynamic changes in the foreign exchange market may become an important guide for the macroeconomic shift.
