(Bloomberg) -- Taiwan's dollar strengthened to a
one-month high on speculation the central bank will purchase the
currency to curb declines.
A slide in the Taiwan dollar last week to a 17-month low
increased the cost of imports, adding to inflationary pressure
on the island. A weaker currency may also encourage some
investors to take funds out of the island as value of securities
holdings is eroded.
Read more at Bloomberg Currencies News
one-month high on speculation the central bank will purchase the
currency to curb declines.
A slide in the Taiwan dollar last week to a 17-month low
increased the cost of imports, adding to inflationary pressure
on the island. A weaker currency may also encourage some
investors to take funds out of the island as value of securities
holdings is eroded.
Read more at Bloomberg Currencies News
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