(Bloomberg) -- Taiwan's dollar fell for a second
day on speculation local investors will send more money overseas
to seek higher returns. Government bonds dropped.
The currency extended its 0.6 percent loss against the U.S.
dollar this year as the island's key interest rate remains the
second lowest in Asia even after the central bank raised
borrowing costs a quarter percentage point last week. Relatively
low domestic yields encourages investors to buy higher-returning
securities abroad.
Read more at Bloomberg Bonds News
day on speculation local investors will send more money overseas
to seek higher returns. Government bonds dropped.
The currency extended its 0.6 percent loss against the U.S.
dollar this year as the island's key interest rate remains the
second lowest in Asia even after the central bank raised
borrowing costs a quarter percentage point last week. Relatively
low domestic yields encourages investors to buy higher-returning
securities abroad.
Read more at Bloomberg Bonds News
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