(Bloomberg) -- Taiwan's dollar completed the biggest
five-day rally since Dec. 1 on speculation the central bank
stemmed a descent that last week reached a 17-month.
The currency rose for a second week after the central bank
yesterday said mutual funds should invest more in local stocks
rather than sending money abroad. The island's dollar yesterday
touched the strongest since March 2.
Read more at Bloomberg Currencies News
five-day rally since Dec. 1 on speculation the central bank
stemmed a descent that last week reached a 17-month.
The currency rose for a second week after the central bank
yesterday said mutual funds should invest more in local stocks
rather than sending money abroad. The island's dollar yesterday
touched the strongest since March 2.
Read more at Bloomberg Currencies News
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