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Markets Look Ahead To GDP Data

TWD

Taiwan dollar is weaker today, USD/TWD up 0.020 at 27.844 on track for a fourth consecutive higher finish.

  • Markets look ahead to GDP data later in the week, the final Q2 figure will be published on Friday. The previous print came in at 7.47%. In the meantime TSMC gave a trading update that showed an 18% Y/Y gain in sale, though the figure was down 16.1% M/M from June.
  • On the geopolitical front China has recalled its ambassador to Lithuania and expelled the Baltic nation's top representative to Beijing over the country's decision to allow self-governing Taiwan to open an office in Lithuania under its own name.

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