00:00The central bank is stepping in to stabilize Taiwan's currency
00:03as it falls to its lowest against the U.S. dollar in 10 months.
00:17On Monday, the new Taiwan dollar closed at just over 32 to 1 U.S. dollar,
00:22at the edge of what traders see as a key level.
00:25Foreign capital outflow is driving the depreciation,
00:28part of volatility brought by the Middle East war.
00:31Other major Asian currencies are also feeling the pressure with an outflow of foreign funds.
00:36Added to that are oil prices that are both raising inflation and strengthening the U.S. dollar.
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