Free Trial

Bearish Extension


Eurodollar/Tsy Option Roundup, Puts Persist


White House Presser Beginning Shortly


Key Support Zone Remains Intact

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Data Awaited


Taiwan dollar is slightly stronger in early trade, USD/TWD last down 0.31 at 27.897 after the pair dropped on Friday. The rate is still some way off recent lows of 27.7415 on May 10.

  • Bank of America is positive on TWD and notes equity outflows are small compared to peers, despite the recent drop in the Taiex: "TWD, the outperformance is consistent with our view of increasing US policy pressure and supportive current account. However, the actual vs. estimated gap heightens the FX risk if FII equity outflows accelerate. This is in contrast to KRW, where equity outflows have been sizeable relative to Taiwan explaining why KRW is the biggest underperformer."
  • Taiwan reported 353 new coronavirus cases on Sunday, up from 287 on Saturday. Officials made the decision to revise up the number of reported COVID-19 cases late last week, adding a total 570 infections that had been subject to testing delays, which cast doubt on the efficacy of the reported numbers. Health Minister said Saturday that the situation in Taiwan is "stable" and the rate of positive cases as a percentage of tests is decelerating. There is no current need to impose a harder lockdown if Taiwanese people cooperate to fight the pandemic he noted.
  • Markets look ahead to industrial production and employment data at 0900BST/1600HKT.

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.