Taiwan dollar posts sharpest surge since 1988 amid trade deal speculation with US
Monday, 5 May 2025 () Taiwan's dollar saw a significant surge, the largest since 1988. This happened amid speculation about potential trade negotiations with the United States. Taiwan's central bank addressed the surge, attributing it partially to market rumors. They also clarified that the US hadn't demanded currency appreciation. The surge impacted local exporters and life insurance companies.
Taiwan and the U.S. just made headlines by holding their first-ever tariff talks! πΊπΈπΉπΌ Despite being a global chip powerhouse, Taiwan faces a staggering 32% tariff, which it deems unfair...
Stocks on the Taiwan Stock Exchange surge in early trading, tracking global markets higher, after US President Donald Trump suspended his highest trade tariffs, except for those on China.
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Monday, 5 May 2025 ()
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