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ING Mark USD/TWD Forecasts Higher

TWD

ING note that there is plenty of worry surrounding a possible contraction of demand and therefore production of semiconductors for the rest of the year, with Taiwan’s economic concentration risk highlighted.

  • They suggest that “this means a sell-off in Taiwan equities could continue as this data confirms how weak demand is for the main pillar of Taiwan's stock market. This means there could be capital outflows from Taiwan, resulting in a weaker TWD.“
  • “We are revising our forecast for USD/TWD to pass TWD30.20 this quarter (the previous forecast was TWD29.70 by the end of the third quarter) and the next level could be TWD30.70.”
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ING note that there is plenty of worry surrounding a possible contraction of demand and therefore production of semiconductors for the rest of the year, with Taiwan’s economic concentration risk highlighted.

  • They suggest that “this means a sell-off in Taiwan equities could continue as this data confirms how weak demand is for the main pillar of Taiwan's stock market. This means there could be capital outflows from Taiwan, resulting in a weaker TWD.“
  • “We are revising our forecast for USD/TWD to pass TWD30.20 this quarter (the previous forecast was TWD29.70 by the end of the third quarter) and the next level could be TWD30.70.”