-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Data
-
MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
-
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Data
-
MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
-
About Us
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 AccessHits Lowest Since April
Taiwan dollar under pressure on Tuesday, USD/TWD rising for a third straight session to hit the highest level since April. The pair last up 0.035 at 28.08 after earlier hitting 28.10.
- Markets await export orders data later in the session, consensus is for export orders to rise 30.0% in June after a 34.5% in May, which would be the lowest rise since November 2020. Even though the pace is expected to moderate a positive print would be the sixteenth straight month of expansion as strong demand for tech continues.
- TWD remains under pressure on the back of dividend remittances with foreigners expected to convert a large portion of the local currency dividends they are set to receive this year. Last year TWD was resilient amid a softer USD and strong demand for tech stocks, while this year investors are expected to seek other sectors outside of Taiwan. TSMC are expected to pay $51bn in dividends this year with the bulk coming in the next month.
- Elsewhere, the Taiwanese government has said it will enact measures to help industries and individuals impacted by the pandemic, but currently with the soft lockdown still in effect it is not right to encourage consumption. It was reported yesterday that the government will gradually ease COVID-19 restrictions, but can tighten again if new cases rise. The health minister added that it is more likely border controls will be tightened rather than relaxed.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.