Date: Apr 19, 2015
The New Taiwan dollar posted a fifth weekly gain, the longest winning streak since 2013, as investors pushed back bets for higher US interest rates following data that cast doubts on the strength of a recovery.
The NT dollar has climbed 2 percent against the greenback this year in Asia’s best performance, as US reports ranging from jobs to manufacturing and consumer spending disappointed.
Only 12 percent of economists in a Bloomberg survey see the US Federal Reserve tightening policy in June, down from 45 percent in a poll last month. [FULL STORY]