Taiwan Dollar – Market news
Friday’s announcement by the BLS that unemployment in the US has fallen to its lowest level in half a century further firmed expectations for US interest rates and was sufficient to drive the US dollar to fresh long-term highs against currencies throughout the Asia-Pacific region.
The U.S. dollar was upstaged by its Canadian counterpart on Friday following the release of some spectacular Canadian employment data. Statistics Canada said on Friday that the nation’s unemployment rate fell in December to just 5.7% – the lowest rate in forty years – and that Canadian businesses added 78,600 new jobs. Ahead of the […]
Ahead of major announcements in the coming days, investors were in surprisingly good spirits on Wednesday, indicated by a stronger New Zealand dollar, won, rupee and a faltering yen. Weakness in Asia-Pac FX would have been forgiven ahead of Thursday’s announcements by the FOMC (Wednesday in the US and Europe), Bank of England and Donald […]
Currencies in the Asia-Pacific region fell against the US dollar on Thursday morning after the Federal Reserve signaled that it would raise interest rates again this year and would begin shrinking its balance sheet in October. The Fed funds rate was left unchanged at its current range of 1–1.25%. Although the majority of economists had […]
Most Asian currencies ended Wednesday higher against the dollar, albeit on a rather unspectacular day of trading. With a few exceptions, markets traded quietly ahead of the Jackson Hole symposium (24-26 August) at which Fed Chairwoman Janet Yellen and ECB President Mario Draghi might give important updates on monetary policy. The star of the day […]
By rallying 6.5% against the US dollar in the first half of the year, the Taiwan dollar so far claims the crown of 2017’s best performing Asian currency. The Taiwan dollar’s rally is likely to have ended however, according to the results of a Bloomberg survey of foreign exchange traders who were asked their views […]
Of the FX majors, the New Zealand dollar has been the best performer in May. At the end of yesterday’s New York session, with NZD/USD at 0.754, the pair is up 2.9% since May 1st. By comparison, the kiwi’s closest cousin, the Australian dollar, is down 0.5% against the US dollar. The New Zealand dollar […]
In the four-weeks leading up to last Friday’s close (May 12th), the Japanese yen had been one of the world’s worst performing currencies against the US dollar, falling 4.3% within that time. The yen’s weakness during that period marks one hell of a turnaround from the four-weeks immediately prior, in which the yen was one […]
There is good news for those in the US, Europe, Japan, Singapore, the UK, New Zealand, Taiwan, India, Mexico and just about anywhere at all, and that news is: that the Australian dollar is offering itself up for sale, in a buy 1 get all special. If you’ve always dreamt of cuddling that koala, buying […]
On Friday, Scotiabank – otherwise known as the Bank of Nova Scotia – outlined four factors that would drive Asian currencies higher in 2017. Investors would “pour funds” into Asian markets on the following grounds: 1) If the Bank of Japan and European Central Bank continue with their stimulus programs, providing “accommodative” levels […]
The team at BMI Research – part of the Fitch group of companies – are maintaining their “slightly bullish” short-term view on the Taiwan dollar, mainly on technical grounds. Over a longer-term, analysts at the firm are also positive on the Taiwanese currency, believing in a “gradual appreciation”, based upon a solid fiscal outlook in […]