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TaiwanPlus News
  • 3 months ago
The New Taiwan dollar continues to hold strong against the U.S. dollar as the greenback weakens globally.
Transcript
00:00Taiwan's currency is holding strong, hitting 29.185 against the greenback on Tuesday.
00:07The new Taiwan dollar has risen sharply since April.
00:11The US dollar has been underperforming amid global economic uncertainty.
00:15It's driven by US tariffs and market concerns over the Federal Reserve's interest rate trajectory.
00:30The rising Taiwan dollar is bad news for Taiwan's manufacturers as it means their products bring back less money when sold overseas.
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