The Central Bank of the Republic of China (Taiwan) with the intervention threats:
-
Says will intervene if dramatic fluctuations of the Taiwan dollar
against the us dollar - We sell us dollars
to smooth the market, the Taiwan dollar is decided by supply and
demand - Says Taiwan’s
inflation is stable compared to other countries - If oil prices hit $100/bbl that would delay easing of inflation for major countries
USD/TWD daily candles, showing the persistent slide for the TWD. Its not a TWD thing of course, the USD is higher pretty much everywhere.
This article was written by Eamonn Sheridan at www.forexlive.com. Source