Commerzbank: Tech Outflows, Inflation Weigh on Taiwan Dollar
Commerzbank reports that USD/TWD has risen for five consecutive sessions to 31.68, driven by foreign equity outflows amid global tech stock corrections, while Taiwan's CPI has moved above the central bank's 2% target.
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Commerzbank notes that the Taiwan dollar has weakened, with USD/TWD climbing for five straight sessions to 31.68. The move is attributed to foreign equity outflows as global technology stocks undergo a correction.
At the same time, Taiwan's trade data shows exports and imports surging on AI-related demand. However, inflation has picked up, with CPI rising above the central bank's 2% threshold, adding further pressure on the currency.
Source: FXStreet Forex News