(Bloomberg) -- Taiwan's dollar weakened to the lowest in six months on speculation investors will sell the currency to buy higher-yielding assets overseas.
The currency headed for a fifth monthly loss as the island's key interest rate of 2.875 percent, the second-lowest in Asia after Japan, encouraged carry trades where investors borrow in Taiwan dollars to put money in assets abroad. In Indonesia, the benchmark rate is 6.125 percentage points higher than in Taiwan, while the U.S. rate is 2.375 points more.
Read more at Bloomberg Bonds News
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