9 hours ago
- Business
- Wall Street Journal
Taiwan Dollar Strength Spells Trouble for Tech Exporters, Insurers
Another flare-up in the Taiwan dollar's strength is unwelcome news for the island's exporters and life insurers.
The New Taiwan dollar hit a three-year high against the greenback on Friday, bringing year-to-date gains to around 12%. It was last changing hands at 29.01 to the U.S. dollar, hovering at a key psychological level.
