Focus Taiwan
Date: 2018/08/06
By: Chiu Po-sheng and Ko Lin 

Taipei, Aug. 6 (CNA) As of the end of July, Taiwan’s foreign exchange reserves hit a new high, mainly due to increased returns from the central bank’s fund management, the bank said Monday.

At the end of July, Taiwan had total forex reserves of US$458.49 billion, an increase of US$1.37 billion from a month earlier, the central bank data shows.

In July, the euro rose about 0.8 percent against the U.S. dollar, so when euro-denominated assets are converted into the U.S. currency in the central bank’s asset management portfolio, the latest forex reserves increased accordingly, the bank said.

However, the greenback remained strong against other currencies.    [FULL  STORY]