<p>The weak inflation data from the United States has fueled expectations for a rate cut by the Federal Reserve, leading to further weakness in the US dollar. This has driven the New Taiwan Dollar to experience a rapid rise similar to the surge seen in early May, closing at its strongest level in three years. The New Taiwan Dollar appreciated nearly 1% against the US dollar to 29.625, reaching its strongest intraday level since May 5, with the closing gain reduced to 0.88%, reported at 29.660</p>

<p>The New Taiwan Dollar rose due to expectations of a U.S. interest rate cut, reaching its highest closing price in three years. Affected by weak inflation data from the U.S., the dollar weakened, and the New Taiwan Dollar appreciated nearly 1% against the dollar to 29.625, ultimately closing at 29.660, an increase of 0.88%</p>

The New Taiwan Dollar rises to a three-year closing high, boosted by expectations of U.S. interest rate cuts