Taiwan Central Bank says the US did not ask the TWD to appreciate; urges market commentators not to speculate on TWD issue
- Taiwan does not manipulate the exchange rate.
- Taiwan's trade surplus with the US has widened in the recent years, mainly due to an increase in US demand for Taiwan's information and comms tech, rather than exchange rate factors.
- Volatility of TWD vs USD has widened, as foreign fund inflows to Taiwan stocks and companies' expectations of TWD appreciating.
- Governor stresses that the central bank did not attend US-Taiwan tariff talks, meaning no discussion of foreign exchange rate.
- Personally thinks the TWD is overly fluctuating, its not good.
Reaction details (09:45)
- Modest upside seen in the TWD.
Analysis details (09:38)
Earlier:
- Taiwan's office of trade negotiations noted that tariff talks with the US last week did not discuss the FX rate.
- TWD appreciated by another 4% in a continuation of Friday's surge to print its strongest since June 2022.
05 May 2025 - 09:38- Fixed Income- Source: Newswires
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