Taiwan Dollar Declines Most in Two Weeks After U.S. Jobs Report
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Taiwan’s dollar fell the most in two weeks as demand for the greenback strengthened after U.S. payrolls data beat estimates.
The Bloomberg Dollar Index climbed 0.1 percent today and 0.2 percent on March 7, when a report showed U.S. employers added 175,000 positions in February, more than the 149,000 median estimate in a Bloomberg survey and the revised 129,000 increase in January. That damped speculation the Federal Reserve would slow its tapering of stimulus. China’s yuan fell today as the country’s central bank cut the fixing by the most since July 2012 following an unexpected drop in exports.