(Bloomberg) -- Taiwan's dollar rose to near the
highest in more than five months after a bigger-than-expected
interest-rate increase last week boosted the allure of local-
currency assets. Bonds gained.
The currency advanced for a fifth day after the central
bank raised its key rate a quarter percentage point to 3.125
percent on June 21. The increase was twice as much as expected,
according to Bloomberg News survey. The gain in the local dollar
in the past 10 days has reduced this year's loss to 0.4 percent.
Read more at Bloomberg Bonds News
highest in more than five months after a bigger-than-expected
interest-rate increase last week boosted the allure of local-
currency assets. Bonds gained.
The currency advanced for a fifth day after the central
bank raised its key rate a quarter percentage point to 3.125
percent on June 21. The increase was twice as much as expected,
according to Bloomberg News survey. The gain in the local dollar
in the past 10 days has reduced this year's loss to 0.4 percent.
Read more at Bloomberg Bonds News
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