archiveTaiwan dollar

BENGALURU: Thai stocks and the baht were largely unchanged on Wednesday after the country’s central bank stood pat on rates, as expected, while other Asian currencies and equities rose as easing Middle East tensions lifted sentiment. The currency was trading at 32.623 per dollar after the Bank of Thailand (BoT) held its key one-day repurchase rate steady at 1.75%, following two straight cuts, as it looked to preserve limited policy space amid persistent trade uncertainty and deepening political turmoil. The central bank said its monetary policy remained accommodative to support...

By Selena Li, Yantoultra Ngui and Anton Bridge HONG KONG/SINGAPORE (Reuters) -A sharp rally in Asian currencies is set to boost demand for wealth and forex products as clients seek alternatives to U.S. dollar-denominated assets and demand for hedging grows amid trade tariff uncertainties, bankers and analysts say. The rally in the currencies since last week, starting with the Taiwan dollar and spreading outwards to those of China, Hong Kong, Malaysia, Singapore and South Korea, sounds a warning for the greenback, and is seen as an "Asian crisis in reverse"....

Global stocks remained in a narrow band on Tuesday, with the dollar regaining some lost ground against Asian currencies. Investor concerns have resurfaced over U.S. tariffs' implications on economic growth, coupled with oil producers' commitments to boost supply, keeping crude prices near historic lows. The erratic trade policies of President Donald Trump have sparked major waves of dollar selling since April. This trend has lifted the euro, yen, and Swiss franc, with the Taiwan dollar reaching record levels, prompting speculation over potential regional foreign exchange revaluation to secure U.S....

By Rae Wee and Samuel Shen SINGAPORE/SHANGHAI (Reuters) -A wave of dollar selling in Asia is an ominous sign for the greenback as the world's export powerhouse starts to question a decades-long trend of investing its big trade surpluses in U.S. assets. Ripples from Friday and Monday's record rally in the Taiwan dollar are now spreading outward, driving surges for currencies in Singapore, South Korea, Malaysia, China and Hong Kong. The moves sound a warning for the dollar because they suggest money is moving in to Asia at scale and...

BENGALURU: The Taiwan dollar was poised for its biggest single-day gain since the 1980s on Monday, as the convergence of strong economic data and cooling global trade tensions ushered investors into the island’s currency. Taiwan’s currency appreciated as high as 29.59 per US dollar, its highest level in nearly three years. It was last trading at 30.04. Typically a quiet player in emerging Asian currency markets, the Taiwan dollar’s historic rally underscores a broader re-rating of the region’s economic prospects, with its role in the global semiconductor and AI supply...

Trump trade policy 2025: There seems to be nary a dull moment in tracing the onslaught of the US president’s tariff announcements, and the snowballing effect worldwide.Over the weekend, China, the recipient of 145% in US tariffs, signalled its willingness to embark on talks with the US, provided the US walked back these punitive measures. This was picked up by Asian markets, which have seen their currencies hit record highs against the USD. Decline in the dollar boosting the ‘Sell America’ wave The dollar’s decline continued over the weekend, as...

(Bloomberg) -- Asian currencies ripped higher against the US dollar Monday, extending a move that’s hurting exporters, weighing on equities and forcing central banks to intervene in the market to curb excessive gains. Most Read from Bloomberg Taiwan’s dollar surged the most since 1988, sending the nation’s benchmark stock index to its steepest slide in nearly a month. The offshore yuan climbed to its highest level in almost six months as exporters repatriated dollar earnings. The Hong Kong dollar held at the strong end of its allowed trading band for...

* Taiwan dollar rises 1.6% for week * Taiwan central bank to hold rates in 2025 - economist * Bank of Thailand eyed to further ease rates By Rishav Chatterjee May 2 (Reuters) - The Taiwan dollar reached a seven-month peak on Friday after the country lifted its annual growth forecasts, while most Asian currencies rose as hopes of easing U.S.-Sino trade tensions helped risk sentiment across emerging markets. Taiwan's currency rose 2% to its highest since October 1, 2024 and is set to log a weekly gain of 1.6%....