You are here

Multiple factors working against Taiwan dollar

These range from new Taiwan president's position on China to possible US rate hike to falling sales at Apple

BT_20160531_DNTAIWAN31_2308667.jpg
The median estimate of 23 strategists is for a 2.9 per cent slide to NT$33.50 per US dollar - still more than the declines anticipated for any emerging Asian peer. The forecast losses show the vulnerability of an island which is reliant on exports for two thirds of its output.

Singapore

CAUGHT between China on the one side and the US on the other, Taiwan's dollar is in danger of greater losses than any other emerging-market currency in Asia.

Strategists see the central bank cutting interest rates to the lowest in the region outside Japan to combat a

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom