The Taiwan dollar’s daily move was described as a 19-standard-deviation event, underscoring its rarity.
Renewed hopes for U.S.-China trade talks, particularly surrounding tariffs, boosted regional sentiment.
Robust Taiwanese GDP data and a sharp $1.2 billion in foreign equity inflows further supported the TWD.
Holiday-thinned liquidity and a rush in exporter conversions may have exaggerated the moves.
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Surging TWD fuelling revaluation talk
The surge for the TWD continued today:
I posted this chart earlier
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