Taiwan Central Bank Warns Exporters Against Currency Speculation
Taiwan's Central Bank strengthened its warning to local trading companies over their currency purchases as it seeks once again to tamp down speculation on foreign exchange markets and maintain the stability of the Taiwan dollar.
Importers and exporters should only buy or sell the US dollar in a timely fashion based on their actual needs and not to listen to exaggerated or false market predictions, the central bank said in a statement Sunday. The bank also urged analysts and the media not to comment on the local currency market in a speculative manner, or to make exchange-rate forecasts based on feelings.
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