US EditionDollar slips as Taiwan dollar surge sparks revaluation talk
- The New Taiwan dollar surged sharply on May 5, 2025, trading at NT$29.7 against the US dollar on the Taipei Foreign Exchange by 10 a.m.
- The rise followed a 3.07 percent gain on Friday and a NT$1.364 increase from the previous close last week, driven by strong market factors.
- The NT dollar peaked at NT$31.064 by close and its strength caused heavy demand for currency exchange that overwhelmed online banking systems this morning.
- Cathay United Bank notified users of five-minute login waits, while Taishin Bank reported temporary system unavailability due to app traffic exceeding capacity.
- The continued NT dollar strength suggests growing investor confidence but also presents challenges for banking infrastructure during peak exchange activity.
31 Articles
31 Articles
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Central bank urges commentators not to speculate on NT dollar strength - Focus Taiwan
Taipei, May 5 (CNA) The Central Bank of the Republic of China (Taiwan) on Monday urged market commentators to avoid excessive speculation about a continued sharp appreciation of the Taiwan dollar against the U.S. dollar, warning that such behavior disrupts market order.
The dollar is declining amid currency revaluations and the rise of the Taiwanese currency.
The dollar fell on Monday after a sharp rise in the value of its Taiwanese counterpart sparked speculation that some Asian countries were preparing to revalue their currencies to extract trade concessions from the United States...
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