Not too relevant though is it? I’m sure they’d prefer that whatever’s happening with the USD/TWD exchange rate.
Damn…what’s the Taiwan govt up to during it’s biggest economic boom in decades. Taiwan’s exports and GDP has been growing faster than almost any modern economy wirldwide. Make it make sense ! The Taiwanese central bank has to be in the top few currency manipulators worldwide.
Is the same happening here ?
Richard Lo, Chief Economist at Fubon Financial Holding, explained that foreign investors have been increasing their holdings in the South Korean stock market this year by borrowing Korean Won to invest in stocks. However, due to concerns about the Won depreciating, they simultaneously sell the Won for hedging, which has led to both a surge in the stock market and a depreciation of the Won
https://english.cw.com.tw/article/article.action?id=4463
Taiwan is a strange economic entity for sure.
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