(Bloomberg) -- The Taiwan dollar fell, trading near the lowest in five months, on speculation domestic investors are sending money abroad to search for higher yields.
Taiwan's interest rate of 2.875 percent is the second-lowest in Asia after Japan, encouraging funds to buy fixed-income assets abroad where yields are higher. The currency's lower returns have made it the second-worst performer in Asia in the past year after the Sri Lankan rupee.
Read more at Bloomberg Bonds News
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