Reuters delivered a series of scoops on how Taiwan’s central bank sought to rein in the continued rise of its currency by rooting out speculators, using moral persuasion and urging the country’s big exporters to spread out their sales of currency. The Reuters exclusives provided insight into how the rise in Taiwan’s currency has vexed the government as it risks making shipments from its manufacturing-reliant economy less competitive, despite exports hitting a record high in 2020. Authorities are wary of intervening too heavily in the foreign exchange market and being labelled a currency manipulator by the United States, the most important backer of the Chinese-claimed island.
Business & Finance
Reuters ahead with key news on Taiwan’s central bank
15 January 2021, 8:44 pm 1 minute
Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: FX & Fixed Income
Regions: Asia
Countries: Taiwan
Win Types: ExclusivityOverall CoverageSpeed
Story Types: Exclusive / Scoop
Media Types: Text