The Taiwan dollar faces growing headwinds from foreign outflows, after topping Asia’s currency ranking in the first nine months of the year. Robust exports and trade surplus helped the Taiwan dollar overcome the greenback’s strength and outperform Asian currencies in the January to September period. It’s now fallen behind some of its peers as foreigners sold $2.3 billion of local equities the first 9 months of the year.
Here are the key Asian economic data due this week:
- Monday, Oct. 25: Taiwan industrial production, Singapore CPI
- Tuesday, Oct. 26: South Korea 3Q GDP, Singapore industrial production
- Wednesday, Oct. 27: Australia 3Q CPI, New Zealand trade balance and business confidence, China industrial profits
- Thursday, Oct. 28: BOJ policy decision and Japan retail sales, Malaysian trade balance
- Friday, Oct. 29: Australia 3Q retail sales ex-inflation and PPI, Japan industrial production, New Zealand consumer confidence, South Korea industrial production and business surveys, Taiwan 3Q GDP, Thailand BoP current account balanceMissed our latest news? Catch up on news here https://stories.cashchanger.co/coe-prices-soar-ahead-of-supply-shrinkage
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Read more about Taiwan dollar faces growing headwinds from foreign outflows, at: https://www.bloombergquint.com/global-economics/taiwan-dollar-s-fortunes-are-changing-on-heavy-foreign-outflows