Taiwan currency’s surge ‘a warning’ in Asia’s de-dollarisation: analysts

U.S. dollar’s slide is the ‘bane’ of Asia’s central bankers

The New Taiwan Dollar made headlines this week after it gained over 5% against the U.S. dollar before the island’s central bank stepped in to curb what it deemed “excessive” inflows.  The NTD’s shift may have been the most dramatic move this week, but the U.S. dollar strengthened against several currencies this week, including the Malaysian ringgit, the Singapore dollar, and the Indonesian rupiah. Even the Hong Kong Monetary Authority, the city’…

The rise of the Taiwanese dollar is endangering the island's financial sector, which has invested heavily in a US dollar now in sharp decline. The country and its inhabitants find themselves caught between the Chinese anvil and the trumpist hammer.

Taiwan currency’s surge ‘a warning’ in Asia’s de-dollarisation: analysts

Is the Trump administration’s hostility pushing the region away from a staple of American power?

Taiwan’s Currency Surge Steps Up Pressure for Economic Overhaul

The Taiwan dollar’s most extreme surge since 1988, along with prospects for continued appreciation, has triggered calls for one of the most export-dependent Asian economies to overhaul its growth model.

Taiwan dollar's sharp appreciation poses risks to life insurers' overseas investments: AM Best

According to a recent commentary published by AM Best, the credit rating agency, the Taiwan dollar has strengthened against the US dollar at a speed not previously recorded, gaining approximately 8% within a two-day span. AM Best states that this sharp currency movement may have significant repercussions for Taiwanese life insurers, many of whom maintain substantial holdings in overseas assets, predominantly denominated in US dollars. AM Best at…

Best’s Commentary: Taiwan Dollar Rallies; Life Insurers More Exposed to Foreign Exchange Risk

HONG KONG–(BUSINESS WIRE)–#insurance–The Taiwan dollar has rallied against the U.S. dollar at an unprecedented pace over the past few days, which holds implications for domestic life insurers that have been allocating a large portion of their invested assets in foreign investments, mainly USD-denominated fixed income securities, according to an AM Best commentary. The Best’s Commentary, “Taiwan Dollar Rallies, Life Insurers More Exposed to Forei…