✉news BusinessBanking first seen 8 h ago, last 16 min ago, peak #8
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 currency weakened significantly against the US dollar amid sustained selling by overseas funds, and the bank attributed the decline directly to these outflows. Markets are watching whether the pressure on the currency continues or stabilises.
Why now: Sudden sharp depreciation of a major Asian currency driven by foreign capital flight is drawing attention from investors and policymakers.
TaiwanCentral bank of TaiwanTaiwan dollar
Rank over time, top of the chart is #1. 4 snapshots from 8 h ago to 16 min ago.
Evidence
- Foreign fund outflows send Taiwan dollar sharply lower: Central bank · Taipei Times
- Foreign fund outflows send Taiwan dollar sharply lower: Central bank · Focus Taiwan
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