NT dollar gains, greenback ready to fall most in years

Taipei Times
Date: Mar 29, 2020
By: Staff writer, with CNA and Reuters

The New Taiwan dollar on Friday rose against the US dollar, gaining NT$0.070 to close at NT$30.236, an increase of 0.2 percent from NT$30.302 a week earlier.

Turnover totaled US$987 million during the trading session.

The greenback opened at the day’s high of NT$30.250 and moved to a low of NT$30.170 before rebounding.

Elsewhere on Friday, the US dollar edged higher, but remained on track for its biggest weekly decline in four years, as trillions of US dollars of stimulus efforts by governments and central banks amid the COVID-19 pandemic helped temper a rout in global markets.   [FULL  STORY]

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