These range from new Taiwan president's position on China to possible US rate hike to falling sales at Apple
Tue, May 31, 2016 - 5:50 AM
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.
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...