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Foreign fund outflows push Taiwan dollar sharply lower

Original: Foreign fund outflows send Taiwan dollar sharply lower: Central bank

Taiwan's central bank says the Taiwan dollar has fallen sharply as foreign investors pull funds out of the island's markets. The outflows are weighing on the currency and drawing attention to capital movement in Taiwanese equities and bonds, with authorities acknowledging the depreciation is driven by foreign selling pressure.

Why now: A sharp depreciation of the Taiwan dollar driven by foreign capital flight is significant news for markets and the economy.

TaiwanTaiwan dollarCentral bank of Taiwan

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Evidence

• Foreign fund outflows send Taiwan dollar sharply lower: Central bank · Focus Taiwan

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