Taiwan Dollar Trades Near Month’s High on Inflows; Bonds Steady
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Taiwan’s dollar traded near its December high after overseas investors boosted holdings of the island’s shares. Government bonds were little changed.
Global funds bought $1.5 billion more local stocks than they sold this month, taking net purchases this year to $4.8 billion, exchange data show. The yen touched a 27-month low today on speculation the newly-installed Prime Minister Shinzo Abe will push for further monetary stimulus to spur the economy.