Formosa News
Date: 2018/04/17

In line with global market trends, the value of the NT dollar took a four-day slide ending Monday, hitting a three-month low yesterday against the greenback, after losing the value of 12% of an NT dollar in just one day. Though the NT rallied today, reaching 29.362, analysts say that its value is likely to keep falling.

The Taiwan dollar’s multi-day tumble ended in a one day drop of 12% of a dollar yesterday, closing at 29.425 against the greenback. Though the slide was checked today by a rally that brought the NT back up to 29.362, looking at global trends analysts believe new lows are on the horizon.    [FULL  STORY]