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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.
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Free AccessStronger After Equity Inflows
Taiwan dollar is holding gains made in Monday's session, USD/TWD last down 0.003 at 27.921 – the lowest since a brief trip down to 27.87 on July 15. The gains yesterday were attributed to equity inflows with the Taiex gaining around 1.5% post strong GDP figures, while the announcement that some coronavirus restrictions would be removed in Taipei provided another tailwind.
- There were 14 new cases on Monday, but Health Minister Chen warned that although the local COVID-19 outbreak has been relatively well controlled since the government lowered the nationwide Level 3 COVID-19 alert to Level 2 from July 27 to Aug. 9, there is little possibility of further easing. While no additional measures are expected, current restrictions will likely be extended.
- Markets now look ahead to CPI data later this week, and export data early next week which is expected to post another strong performance as a core driver of the recovery.
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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.