(Bloomberg) -- The volatility of options on the
Taiwan dollar may increase as speculation rises that the central
bank is supporting the currency in the foreign exchange market.
``The central bank has drawn a line in the sand,'' said
Claudio Piron, head of Asian currency research at JPMorgan Chase
in Singapore. ``The message from the central bank is that the
dollar-Taiwan exchange rate is capped, and they don't want to
see any progressive weakness in their currency.''
Read more at Bloomberg Currencies News
Taiwan dollar may increase as speculation rises that the central
bank is supporting the currency in the foreign exchange market.
``The central bank has drawn a line in the sand,'' said
Claudio Piron, head of Asian currency research at JPMorgan Chase
in Singapore. ``The message from the central bank is that the
dollar-Taiwan exchange rate is capped, and they don't want to
see any progressive weakness in their currency.''
Read more at Bloomberg Currencies News
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