30-06-2025
Taiwan Dollar Falls Rapidly Again, Reinforcing Intervention Talk
The Taiwan dollar slumped in a sudden move in late trading, following a pattern seen on Friday and fueling speculation the central bank intervened to curb strength in the currency.
The currency plunged more than 2% against the greenback to as weak as 29.895, according to data compiled by Bloomberg. The trading pattern — a sudden slump towards the end of the session — resembled a move seen last week that stoked bets the central bank may have sold the local dollar after it jumped to a three-year high.
