Reported 12 months ago
Yahoo Finance reporter Yeh Yiru updated on July 2, 2024, 11:25 pm: The Taiwanese dollar plunged, closing at 32.627 yuan on the 2nd, hitting a low point in over two months. Why has the Taiwanese dollar depreciated recently? Central Bank Deputy Governor Yan Tsung-da 'honestly explained' at a finance committee that two main reasons for the depreciation are the strong US dollar internationally and 'foreign investors selling Taiwan stocks'. Yan pointed out that the recent strength of the US dollar is an external factor, and there is also a significant reason for the depreciation due to foreign investors selling Taiwanese stocks.
Source: YAHOO