Reported about 1 year ago
The Central Bank announced that Taiwan's foreign exchange reserves reached a new high of $573.299 billion by the end of June, breaking historic records. The increase in reserves was mainly attributed to interest income and currency depreciation against the USD. Additionally, foreign holdings of domestic stocks and bonds reached $837.1 billion, equivalent to 146% of the foreign exchange reserves. The market is closely monitoring factors like US economic conditions and expectations of a Fed rate cut, which could impact stock and foreign exchange markets.
Source: YAHOO