Taiwan Dollar Hits Three-Year High on Fund Inflows, Repatriation
Taiwan's dollar rallied to its strongest in three years amid inflows to its stock market and broad-based weakness in the greenback.
The local currency gained as much as 0.7%, outperforming almost all of its Asian peers, to 29.15 per US dollar on Thursday. Exporter sales of the US currency and a repatriation of funds from local asset managers also played a role, according to two traders, who asked not to be identified as they weren't authorized to speak publicly.
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