There will probably be some funds flowing out of Taiwan, weakening the currency. More losses in the stock index may prompt some investors to sell more shares. The Taiwan dollar has room to decline today.
More Quotes from Lo Chung:
Demand from foreigners and exporters together boosted the Taiwan dollar today.Lo Chung
Foreigners have bought a lot of Taiwan's stocks, making it the biggest factor strengthening the currency.
Lo Chung
The central bank may want any gain not to exceed the appreciation of other regional currencies. A weaker currency will help Taiwan's exports.
Lo Chung
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