Taiwan Central Bank Asks Traders to Spread Out U.S. Dollar Sales

Taiwan’s central bank urged traders to show restraint in sales of U.S. dollars and not to offload large amounts in single transactions, but didn’t set a cap, according to a statement from the monetary authority.

The statement follows media reports that the central bank has restricted banks’ sales of the U.S. currency to no more than $5 million per trade in the foreign exchange market.