Taiwan Dollar Snaps Three-Day Drop as Exporters Repatriate Funds
This article is for subscribers only.
Taiwan’s dollar ended a three-day losing streak on speculation exporters are repatriating income before the end of the month. Government bonds were steady.
The currency closed at NT$29.990 against its U.S. counterpart, little changed from NT$29.995 yesterday, according to Taipei Forex Inc. It earlier weakened to NT$30.010, near a five-month low of NT$30.070 reached on June 5.