Taiwan's Central Bank Wards Off FX Speculators Piling Into ETFs
Taiwan told foreign investors to exit bets on the local dollar, taken through exchange-traded funds, as a 12% gain in its currency threatens its economy and companies.
The strategy involves investors buying the island's ETFs and inverse ETFs, allowing them to accumulate holdings of Taiwan dollars while maintaining a neutral position in the stock market. Foreign funds have been 'repeatedly' deploying this playbook to speculate on the currency, according to Deputy Central Bank Governor Yen Tsung-ta.
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