(Bloomberg) -- Taiwan's dollar climbed to a two-
month high on speculation the central bank will buy the currency
to curb declines after it fell to a 17-month low last week.
The currency has dropped 1.4 percent this year as interest
rates among the lowest in Asia led investors to take funds out
of the island to buy higher-yielding assets abroad. Central bank
buying has helped the Taiwan dollar rise 1 percent since May 22,
when the currency touched its lowest since December 2005.
Read more at Bloomberg Currencies News
month high on speculation the central bank will buy the currency
to curb declines after it fell to a 17-month low last week.
The currency has dropped 1.4 percent this year as interest
rates among the lowest in Asia led investors to take funds out
of the island to buy higher-yielding assets abroad. Central bank
buying has helped the Taiwan dollar rise 1 percent since May 22,
when the currency touched its lowest since December 2005.
Read more at Bloomberg Currencies News
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