The US dollar opened higher against the Taiwan dollar
on a mild technical rebound from losses seen a day earlier, but traders shifted to the sell side to push the US currency into the red after witnessing demand for the local currency rising.
According to Reuters, the central bank of Taiwan has selected the Shanghai branch of Bank of Taiwan as the clearing bank for Taiwan dollar
transactions in China.
Commercial Times: Taiwan dollar
appreciates against greenback by NT$0.
2) hit a two-year low against the Taiwan dollar
, opening at 0.
47% if based on the New Taiwan dollar
, for the third consecutive monthly negative growth.
It does not allow the conversion of Argentinean peso, Brazilian, Danish kroner, Indian rupee, Malaysian ringgit, Mexican new peso, New Zealand dollar, Norwegian kroner, Pakistani rupee, South African rand, Swedish kroner, Syrian pound, (New) Taiwan dollar
, and Venezuelan bolivar.
and Japanese economies, declined consumer demands in developing markets triggered by festering inflation, European debt crisis, and rising value of the New Taiwan dollar
against the U.
The bank made the statement after the Taiwan dollar
strengthened to a near 16-month closing high against the US dollar.
The increase erases a $541 million decline logged in May due to interest-rate hikes in the United States that led many Taiwanese to swap the New Taiwan dollar
for the U.
Perng said that the appreciation of the New Taiwan dollar
has eased imports-induced inflation caused by the rising international prices for raw industrial and food materials.
China and Taiwan will appoint banks to settle transactions in the Chinese yuan and New Taiwan dollar
soon, Dow Jones has reported citing a separate report by the United Evening News quoting Su Ning, a deputy governor of People's Bank of China.
7 billion) in the first quarter this year, as a result of seasonal factors and persistently strong New Taiwan dollar
against the U.