Taiwan Dollar Surges by 9.5 Cents Against USD, Hits 23-Year High
The New Taiwan dollar has experienced a significant surge against the US dollar, gaining 9.5 cents in a single day, marking the largest increase in 23 years. The Central Bank attributes this strong surge to recent media reports about tariff negotiations between the US government and its key trading partners, which have created strong market expectations. Following the news, numerous netizens flocked to social media to comment, playfully saying, 'The brakes on the Taiwan dollar are broken, everyone hold on tight!' and 'Our Taiwan dollar has turned into gold coins.'
While the market reaction has been filled with humor, it is essential to cautiously observe the actual economic impact, especially the pressures faced by export-oriented industries due to the appreciating Taiwan dollar. Investors holding dollar assets may need to reassess their strategies.
