Taiwan Dollar Strengthens Past 30 for First Time Since June 2018
- Local dollar is top-performing major currency in second half
- Foreigners have been snapping up Taiwanese equities in 2019
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The Taiwan dollar strengthened past 30 versus the greenback for the first time in 18 months.
The currency rose as much as 0.6% to 29.965 per dollar on Tuesday, and closed at 30.106 in Taipei. The Taiwan dollar has climbed about 3.4% in the second half as the best performer among the world’s major currencies. Taiwan’s financial markets will be shut Wednesday for the New Year holiday.