(Bloomberg) -- Taiwan's dollar weakened for a fifth
day on speculation investors will buy U.S. dollars to invest in
higher-yielding assets overseas.
The island's currency headed for the biggest weekly loss
since January as lawmakers yesterday approved a proposal to
allow insurers to invest up to 45 percent of assets abroad from
the current 35 percent. Taiwan's benchmark interest rate is the
second lowest in Asia after Japan, encouraging local investors
to send money abroad to seek for better returns.
Read more at Bloomberg Currencies News
day on speculation investors will buy U.S. dollars to invest in
higher-yielding assets overseas.
The island's currency headed for the biggest weekly loss
since January as lawmakers yesterday approved a proposal to
allow insurers to invest up to 45 percent of assets abroad from
the current 35 percent. Taiwan's benchmark interest rate is the
second lowest in Asia after Japan, encouraging local investors
to send money abroad to seek for better returns.
Read more at Bloomberg Currencies News
No comments:
Post a Comment