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Taiwan Intervenes in FX Again as Reserves Fall Most Since 2012
Taiwan’s central bank intervened again in September to smooth the local dollar’s slide against the surging greenback as foreign exchange reserves declined for a third month -- the longest stretch since 2016. The central bank “stepped in to smooth out volatile capital flows to maintain an orderly foreign exchange market,” the monetary authority said in a statement Wednesday. It has acknowledged intervention in each of the past four months. The announcement came as the monetary authority reported that foreign reserves fell $4.38 billion from August to $541.11 billion -- the biggest month-on-month drop since ... (full story)
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- Posted: Oct 5, 2022 5:58am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 682
