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Chip Downturn to Fuel More Taiwan Dollar Losses as Exports Slow

  • Rally in US currency, tensions in Taiwan Strait also weigh
  • Equity flows backdrop will remain challenging, StanChart says

The Taiwan dollar’s fortunes look set to take a turn for the worse as slowing export growth and a resurgent greenback weigh on the currency.

Equity outflows and tensions in the Taiwan Strait are also exerting pressure on the local dollar, while a technical indicator suggests it may slide to 31.418 per greenback after touching a three-year low of 30.599 Friday.