Taiwan central bank says will intervene in the TWD if fluctuates dramatically against USD

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
  • 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