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Taiwan Dollar Could Surge to 13.3? Hsieh Ching-Ho Clarifies Media Misinterpretation

Taiwan Dollar Could Surge to 13.3? Hsieh Ching-Ho Clarifies Media Misinterpretation

Recent market speculation that "the Taiwan dollar could appreciate to 13.3" has raised concerns among the public. Hsieh Ching-Ho, Chairman of the Foresight Group, criticized this as an "extreme prediction" that is unlikely to materialize. He indicated that such reports can lead to unnecessary market panic.

Hsieh recalled instances from the 1990s when the media claimed that the yen would reach parity with the dollar and that gold would become worthless; these predictions never came true. He emphatically stated that the notion of the Taiwan dollar rising to 13.3 lacks factual basis and is merely a hypothesis based on the "Big Mac Index".

He analyzed that while the Trump administration aims to balance trade, the Taiwan dollar’s appreciation will not be isolated but will depend on adjustments from competing currencies. Additionally, he pointed out that the so-called long bond proposal mentioned in the "Mar-a-Lago Agreement" is merely the personal opinion of Stephen Miran, the chair of the White House Economic Council, and has not received any formal endorsement from Trump or his economic team.

In conclusion, Hsieh criticized certain media outlets that amplify pessimistic predictions about Taiwan's future, suggesting they have ulterior motives. He urged the public to remain rational in their understanding of international dynamics and currency fluctuations, to avoid being swayed by sensational reports.