The Taiwanese dollar weakened past 30 per USD on Tuesday, reversing a two-day rally and retreating from its strongest level in nearly three years.
📉 Recent gains in Asian currencies like the TWD and MYR were fueled by speculation over regional support for U.S. trade talks. However, Taiwan’s central bank denied any such coordination, stating the U.S. made no formal request. President Lai Ching-te also warned against spreading misinformation.
🔧 As a key player in global chip production, Taiwan remains highly exposed to shifts in trade dynamics and geopolitical risks.
📉 Recent gains in Asian currencies like the TWD and MYR were fueled by speculation over regional support for U.S. trade talks. However, Taiwan’s central bank denied any such coordination, stating the U.S. made no formal request. President Lai Ching-te also warned against spreading misinformation.
🔧 As a key player in global chip production, Taiwan remains highly exposed to shifts in trade dynamics and geopolitical risks.
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