Taiwan Dollar Climbs to 11-Month High as Equity Inflows Quicken
- High dividend yield is luring foreign investors: economist
- Asian markets see inflows as Fed rate increase seen delayed
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Taiwan’s dollar rose to the strongest level since August as foreign funds poured cash into local equities amid confidence the Federal Reserve will keep interest rates on hold.
Global funds have injected a net $1.4 billion into the territory’s stocks this week through Wednesday, the most among eight Asian markets tracked by Bloomberg. Developing-nation currencies are recovering this month after plunging in the aftermath of the U.K.’s vote to leave the European Union in June. Futures are now pricing in less than even odds of a Fed rate increase in 2016.