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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.
TAIWAN
The Taiwanese dollar is the best performing currency in Asia today, USD/TWD dragged lower by a weaker greenback and holding below the key 28 handle as traders are buoyed by positive sentiment in the region.
- Taiwan has just been included on the currency manipulator watchlist by the US Treasury, which will likely give the Taiwanese central bank pause for thought on any significant intervention.
- Forex reserves rose in Taiwan in December, latest data shows, which supports the theory that the central bank will take more of a hands off approach to the currency. Reserves rose by $16.51bn to $529.91bn.
- The US earlier said it would hold talks with Taiwan on political and military cooperation, 2 months after the first US-Taiwan Economic Prosperity Partnership Dialogue was held in Washington
- Markets await the release of December CPI figures at 0800GMT/1600CST. Expectations are for the headline figure to rise 0.1%, which would be the second month of gains and a welcome return to inflation after the longest run of declining prices in over a decade.
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.
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