Dollar Continues to Decline! TWD Soars to Five-Month High as Strongest Asian Currency
The black swan of Trump has yet to dissipate; will the trade war turn into a currency war? Today (30th), the exchange rate of the New Taiwan Dollar (TWD) against the US Dollar (USD) peaked at 31.942, marking a new five-month high. However, the USD continues to depreciate, and foreign investment firm Goldman Sachs states that the dollar's depreciation is a long-term trend.
So how should investors position themselves? Experts recommend maintaining a steady long-term strategy while closely observing the US interest rate outlook.
