(Bloomberg) -- Taiwan's dollar weakened on
speculation investors resumed sales of the currency in search of
higher returns abroad through so-called carry trades.
The island's currency has fallen 0.7 percent this year
against the dollar, making it the fourth-worst performer among
the 16 most active currencies in the Asia-Pacific region.
Taiwan's key interest rate of 3.125 percent is the second-lowest
in Asia after Japan's 0.5 percent, encouraging investors to put
money abroad for better returns on their investment.
Read more at Bloomberg Currencies News
speculation investors resumed sales of the currency in search of
higher returns abroad through so-called carry trades.
The island's currency has fallen 0.7 percent this year
against the dollar, making it the fourth-worst performer among
the 16 most active currencies in the Asia-Pacific region.
Taiwan's key interest rate of 3.125 percent is the second-lowest
in Asia after Japan's 0.5 percent, encouraging investors to put
money abroad for better returns on their investment.
Read more at Bloomberg Currencies News
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