(Bloomberg) -- Taiwan's dollar strengthened to the
highest in five months after the central bank raised its
benchmark interest rate twice as much as expected.
The currency headed for the biggest weekly advance since the
five-day period to Dec. 1 after the central bank yesterday lifted
the discount rate on 10-day loans by 0.25 percentage point to
3.125 percent. Taiwan's rate is the second-lowest in Asia after
Japan, encouraging investors to borrow the currency to buy
higher-yielding assets abroad.
Read more at Bloomberg Currencies News
highest in five months after the central bank raised its
benchmark interest rate twice as much as expected.
The currency headed for the biggest weekly advance since the
five-day period to Dec. 1 after the central bank yesterday lifted
the discount rate on 10-day loans by 0.25 percentage point to
3.125 percent. Taiwan's rate is the second-lowest in Asia after
Japan, encouraging investors to borrow the currency to buy
higher-yielding assets abroad.
Read more at Bloomberg Currencies News
No comments:
Post a Comment