Taiwan’s central bank has stepped back from late-day intervention to weaken the currency after the U.S. Treasury Department criticized the tactic and put the island on a currency watchlist. Since early April, the exchange rate has fallen by less than 0.11 percent during the last hour of trading, compared with an average daily 0.6 percent slide in the year through March 31. Being put on the list can lead to U.S.-imposed penalties for harming the country’s trade interests.

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