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Taiwan Dollar Rises To New Multi-day High Against Greenback 11 days ago
(RTTNews) - In early Asian trading on Monday, the Taiwan dollar rose to 32.3540 against the US currency. This set a 17-day high for the pair. This may be compared to Friday's close of 32.5550. On the upside, 32.187 is seen as the next target level for the Taiwan currency.
Taiwan is scheduled to release September figures for imports, exports and trade balance on Monday. Analysts are expecting a 7.2 percent decline on year for exports following the 12.7 percent annual drop in August. Imports are called lower by 6.3 percent on year after the 21.1 percent annual plunge in the previous month. The trade balance is expected to show a surplus of $3.1 billion after the $2.55 billion surplus a month earlier.
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