Taiwan Dollar Rises Past 29 Per Greenback for the First Time Since 2022
The Taiwan dollar climbed to the strongest in more than three years against the greenback, pressuring the island's export reliant economy and life insurers with large foreign-exchange exposures.
The currency climbed about 0.5% to 28.978 US dollar on Friday, its strongest against the greenback since April 2022. The move pushes the Taiwan dollar's rally this year to 13%, Asia's best performer.
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