» Forex Trading Forecast: Taiwan Dollar

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Forex Trading Forecast: Taiwan Dollar

Taiwan dollar expected to do well in currency tradingThe forex trading forecast for the Taiwan dollar is being driven by inflation right now. As inflation in Taiwan grows, the central bank there is more likely to allow the currency to gain in trading on the FX market in order to curb inflation.

Some analysts predict that within six months the Taiwan dollar may reach new highs against the US dollar in forex trading. Bloomberg reports on the central bank and the Taiwan dollar:

“The central bank will likely utilize currency appreciation as another policy tool in combating imported inflation,” Goldman’s research team led by London-based Jim O’Neill wrote in a monthly global report received by Bloomberg today. “The interest-rate differential vis-à-vis the U.S. dollar has become more favorable.”

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This entry was posted on Tuesday, April 15th, 2008 at 14:02 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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Forex Trading Forecast: Taiwan Dollar

Taiwan dollar doing well in currency tradingThe forex trading forecast for the Taiwan dollar calls for it to continue to do well. The Taiwan dollar continues to be supported in currency trading on the FX market by investment in the country. Bloomberg reports on the success of the Taiwan dollar in currency trading:

“Everybody took China to be a threat and taking business away from Taiwan and so, this is an almost 180 degree shift in the thinking,” said Piron in Singapore. “Equity inflows are the key contributor to the appreciation of the Taiwan dollar.”

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This entry was posted on Thursday, March 27th, 2008 at 13:10 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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Forex Trading Forecast: Taiwan Dollar

Taiwan dollar set to rise in currency tradingBecause of its close ties to China, the Taiwan dollar is expected to rise in currency trading. The forex trading forecast for the Taiwan dollar takes into account that this emerging market currency has help in terms of an expanding economy, as well as by its status as being considered a proxy for the Chinese yuan. Bloomberg reports on the Taiwan dollar on the FX market:

“The structural and political warming toward mainland China will drive further Taiwan dollar gains,” Claudio Piron and Yen Ping Ho, strategists in Singapore at JPMorgan, the world’s ninth-biggest currency trader, wrote in a research note today.

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This entry was posted on Wednesday, February 20th, 2008 at 13:58 and is filed under GFT Forex. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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