Reported 5 months ago
According to the Financial Supervisory Commission, Taiwan's foreign currency deposits reached an all-time high of NT$14.6 trillion at the end of May 2024, marking a monthly increase for the fourth straight month. This surge is attributed to large corporate fund repatriations and overseas profits being brought back. While there are expectations for potential decreases in U.S. interest rates in September—which could impact the performance of the U.S. dollar—high deposit levels are expected to continue due to sustained market conditions and strong demand.
Source: YAHOO