The Taiwanewse dollar has rocketed higher.
This is reigniting specualtion that some Asian countries are planning to revaule their currencies as a move to gain concession from the US on tariffs (a higher currency makes a country's exports more expensive, at the margin).
The USD is lower across the board today. Including against the Chinese yuan. While China is on holiday today offshore yuan, of course, continues to trade. The Hong Kong dollar tested the strong end of its allowable trading band.
USD/TWD:
USD/CNH is circa 7.1963
This article was written by Eamonn Sheridan at www.forexlive.com.Hence then, the article about surging twd fuelling revaluation talk was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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