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.
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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