Uncertainties Fade, Opening Door To New Investments
Investment portfolio documentgetty The serious uncertainties that emerged and grew beginning six months ago are now diminishing. The worries about...
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Taiwan’s currency destabilized by US trade deal with Trump, signalling escalating currency and trade wars
The value of the Taiwan dollar (TWD) against the US dollar jumped by approximately 10 percent in a few days in May. This sparked public speculation and concern over any undisclosed concessions made by President Lai Ching-te’s government to secure a trade deal with President Donald Trump. The Central Bank of the Republic of China (CBC, commonly known as Taiwan’s central bank) intervened to curb the spike in the TWD.As JPMorgan stated, “Such pronounced volatility is extremely rare for the TWD, given that the currency is highly managed” by the...