Taiwan Dollar Forwards Decline This Week on Capital Outflows
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Taiwan dollar forwards declined this week after overseas investors pulled money from the island on concern the Federal Reserve will soon cut stimulus that has buoyed emerging-market assets.
Global funds sold $333 million more Taiwanese shares than they bought this week, taking net sales this month to $1.9 billion, according to exchange data. Fed policy makers were “comfortable” with a plan to scale back asset purchases this year as the world’s largest economy improves, according to minutes of their July meeting released on Aug. 21.