An unprecedented two-day rally in Taiwan’s currency reflects growing unease in markets amid U.S. President Donald Trump’s trade war. Taiwan, a key manufacturer of high-end computer chips and supplier to both the U.S. and China, has seen its currency leap by 8% over two days. Traders note a lack of buyers for U.S. dollars as insurers, exporters, and investors look to sell. Speculation suggests this movement may be linked to U.S.-Taiwan trade talks, though the central bank denies any agreement to weaken the dollar. The rally highlights potential shifts in long-standing dollar positions within Taiwan’s economy.
— new from Reuters
