(Bloomberg) -- Taiwan's dollar rose to the highest
in more than two weeks on speculation the central bank will buy
the currency to stem losses after it reached a 17-month low.
The currency added to yesterday's 0.3 percent rally after
the Economic Daily News, citing unidentified traders, today said
the central bank is stepping up oversight of overseas mutual
funds to slow the Taiwan dollar's slide. A weaker exchange rate
may add to inflation by making imported goods more expensive.
Read more at Bloomberg Currencies News
in more than two weeks on speculation the central bank will buy
the currency to stem losses after it reached a 17-month low.
The currency added to yesterday's 0.3 percent rally after
the Economic Daily News, citing unidentified traders, today said
the central bank is stepping up oversight of overseas mutual
funds to slow the Taiwan dollar's slide. A weaker exchange rate
may add to inflation by making imported goods more expensive.
Read more at Bloomberg Currencies News
No comments:
Post a Comment