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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
Taiwan dollar has strengthened in Asia on Tuesday and is one of the best performers among its peers, USD/TWD last at 27.894, closes in the pair continue to creep lower – yesterday the rate finished at 28.119, edging ever closer to a sub-28 close with the central bank still conducting smoothing operations.
- Taiwan has issued fresh forecasts, more than doubling 2021 export growth estimates in the process. Exports are now expected to rise 9.58%, while inflation expectations were also hiked to 1.33% from 1.16%. GDP growth is expected at 4.64%, slightly lower than the median for Asian nations, but Taiwan was one of the few economies posting growth in 2020.
- The Directorate General of Budget, Accounting and Statistics (DGBAS) said the upgrade of the 2021 GDP growth forecast largely came after a more upbeat mood about Taiwan's exports, as the country's electronics industry is expected to get a boost from solid global demand.
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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