Free Trial

Floating Storage of Urals Rising




PMI: Details more concerning


Gas supply from Russia steady

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

Taiwan dollar is stronger on Friday, USD/TWD just dropping out of yesterday's range – the pair last down 0.033 at 27.75 and on track for a fourth day of declines. The pair is at the lowest since May 10 where it bottomed out at 27.7415, which denotes the lowest since the pair dropped past 28.00. Risk on sentiment is helping TWD, the Taiex is up over 1% alongside gains in other regional markets.

  • Taiwan's ruling party said yesterday it would double the planned stimulus increase in order to help protect the economic recovery from the recent resurgence in COVID-19 cases. The DPP will seek approval from lawmakers for an additional TWD 420bn on Monday from a previously announced TWD 210bn. This would effectively match the entire amount of stimulus deployed since the pandemic began. The latest restrictions will remain in place until at least mid-June. The government has some wiggle room in terms of stimulus, government debt is around 32% of GDP, there is a cap of 40.6% in Taiwan.

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.