archivetaiwan

Some of emerging Asia’s biggest central banks look to be dialling back their interventions in the currency market.The central banks of India and Malaysia have reduced the size of some derivatives positions they use to weaken their currencies. Taiwan has allowed its currency to surge against the US dollar in recent weeks and dropped hints it would be comfortable with more if the moves were “orderly”. South Korea’s giant national pension fund has ended its five-month support of the won.A major reason for these moves is a simple change in...

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...

Asian currencies are surging as the US dollar weakens, and it could impact summer travel costs.The dollar's decline is driven by the "Sell America" trend and trade negotiations.A weaker dollar may shift purchasing power to Asia, affecting investments and markets.Dreaming of a cocktail on the beach in Malaysia or exploring the buzzing night markets of Taiwan?You might want to hold that thought: Summer vacations in Asia may get more expensive than you think, as the US dollar continues to come under pressure.The typically stable Taiwan dollar surged by as much...