Friday, February 25, 2005

Taiwan getting concerned

Taiwans central bank told overseas financial institutions it is concerned about foreign capital inflows amid the local currency's recent gains this according to Bloomberg News. I think this adds to a continuing trend toward a stronger dollar (see previous posts) specifically against Asia.

Overnight very little occurred with the dollar. GDP came out this morning basically as expected (+3.8%). The market had little reaction to the news.

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