(Bloomberg) -- Taiwan's dollar traded near a 17-month
low on speculation investors will borrow the currency to buy
higher-yielding assets overseas.
The island's benchmark interest rate of 2.875 percent is
among the lowest in Asia, making so-called carry trades attractive.
Both the Taiwan dollar and Japanese yen dropped 2.5 percent and
2.1 percent this year, respectively, as domestic investors bought
assets overseas to get higher returns.
Read more at Bloomberg Currencies News
low on speculation investors will borrow the currency to buy
higher-yielding assets overseas.
The island's benchmark interest rate of 2.875 percent is
among the lowest in Asia, making so-called carry trades attractive.
Both the Taiwan dollar and Japanese yen dropped 2.5 percent and
2.1 percent this year, respectively, as domestic investors bought
assets overseas to get higher returns.
Read more at Bloomberg Currencies News
