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TWD Strengthens

TAIWAN

Some more strength in TWD to start 2021, USD/TWD last down 0.273 at 27.979 – the lowest since mid-1997. Some of the move is being attributed to yuan strength which has taken the wind out of US dollar bulls sails.

  • There was talk in December that 28 would be a line in the sand for the pair, but lack of pushback has signalled further room to run. TWD NDF points have moved further into negative territory. 1-month NDF's last at -0.20 after being as high as 0.05 at the start of December.

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