NT dollar rises for fifth week as Asian currencies advance

Taipei Times
Date:  Apr 19, 2015
By: Bloomberg

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]

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