Taiwan Dollar Forwards Advance to Six-Week High on Fund Inflows
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Taiwan dollar forwards rose to a six-week high as overseas investors increased holdings of the island’s assets. Government bonds declined.
Global funds bought $126 million more local stocks than they sold today, taking net purchases this month to $1.5 billion, exchange data show. The yen fell to a 20-month low before Shinzo Abe takes over as Japan’s prime minister amid speculation he will seek to expand measures that pump money into markets to spur growth. The Federal Reserve said Dec. 12 it will start buying $45 billion a month of Treasuries, adding to $40 billion a month of existing mortgage-debt purchases.