Core Viewpoint - The strong appreciation of the New Taiwan Dollar (TWD) against the US Dollar is driven by optimistic expectations in trade negotiations, increased dollar selling by Taiwanese exporters, and intensified foreign exchange hedging operations by life insurance companies [1] Group 1 - Taiwanese exporters are actively selling US Dollars, contributing to the appreciation of the New Taiwan Dollar [1] - Life insurance companies are increasing their foreign exchange hedging activities, further supporting the TWD's strength [1] - The intervention by the Central Bank of Taiwan in the foreign exchange market has decreased, which may also be a factor in the TWD's rise [1]