Taiwan’s Central Bank Has AI In Its FX Intervention Corner

-- As a strong dollar drives up currency volatility across Asia, an artificial intelligence-fueled tech boom has offered Taiwan some reprieve.The local currency weakened less than the South Korean won and Japan ese yen in April, a turbulent month for the region as Federal Reserve policy bets shifted. That relative strength came even as authorities kept the amount of intervention “similar to” the previous two months, according to a central bank official.

The local currency fell 1.7% against the greenback in April, less than the won and the yen, whose slump spurred verbal warnings from authorities in Korea and suspected intervention Japan during the month. The two countries even teamed up to air concerns over their currency weakness in mid-April, while Bank Indonesia hiked rates in a surprise move to defend the rupiah.

Hon Hai Precision Industry Co., which assembles the majority of Apple Inc.’s smartphones, is among the biggest contributors to the equity benchmark Taiex index’s rebound since April 22.Policymakers’ stance on currency, however, may shift if the dollar resumes its uptrend, or foreigners’ turn their back against the local stock market.

Three growth stocks are sound investment prospects and future giants for their visible growth potential. The post The Future Giants: 3 Emerging Stocks With Incredible Growth Potential appeared first on The Motley Fool Canada.Buy these two ultra-high-yield monthly dividend stocks in Canada now for steady passive income. The post Portfolio Payday: 2 Ultra-High-Yield Monthly Dividend Stocks to Buy in May 2024 appeared first on The Motley Fool Canada.

Though your pre-retirement income alone isn't enough to determine whether you'll retire comfortably, it certainly plays a role. For example, if you're earning a middle-class salary, the amount you can...Warren Buffett is battling a bargain drought — and pared his Apple bet because it's a 'one-trick pony,' expert says

Source: Tech Daily Report (techdailyreport.net)

Currency Volatility Local Currency South Korean Won Taiwan Dollar Taiwan Intervention Japan Central Bank

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Vietnam continues support for bank engulfed in massive fraud, central bank saysExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Taiwan’s Central Bank Has AI In Its FX Intervention CornerAs a strong dollar drives up currency volatility across Asia, an artificial intelligence-fueled tech boom has offered Taiwan some reprieve.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Chile Central Bank Boss Says Inflation Is Within Expectations(Bloomberg) -- Chile’s inflation has been in line with central bank expectations even after it accelerated more than analyst forecasts last month, Banco...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Chile Central Bank Boss Says Inflation Is Within ExpectationsChile’s inflation has been in line with central bank expectations even after it accelerated more than analyst forecasts last month, Banco Central de Chile Governor Rosanna Costa said.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Colombia Central Bank Chief Sees Risks in Faster Key Rate Cuts(Bloomberg) -- Colombia must be wary that an acceleration of interest rate cuts may reverse the pace at which inflation is slowing, the nation’s top central ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Colombia Central Bank Chief Sees Risks in Faster Key Rate CutsColombia must be wary that an acceleration of interest rate cuts may reverse the pace at which inflation is slowing, the nation’s top central banker told El Tiempo.
Source: BNNBloomberg - 🏆 83. / 50 Read more »