The Taiwan dollar has erased gains with remarkable regularity in afternoon trading over the past weeks, but the predictable moves remain off-limits to traders.
The local currency rose as much as 0.6% on Monday before ending the session up 0.2% at 30.135 versus the greenback. Recent late-session paring had spurred speculation that the central bank is taking a more active role in managing the closing price. The final-hour swings touched the biggest since March 2016 as strong inflows of foreign capital pressure the currency to appreciate.
