USD/TWD TO HEAD LOWER, BACK BELOW 31.00 BY YEAR-END – COMMERZBANK

avatar
· Views 72


Taiwan’s central bank, the Central Bank of the Republic of China (CBC), hiked by 12.5 bps to 2% last Friday, the highest level since 2008. Economists at Commerzbank anlayze USD/TWD after the decision.

CBC’s action and watchfulness over inflation should provide some support for TWD near term

We don’t expect CBC to follow up with a series of rate hikes. They are likely to adopt a cautious wait-and-see approach.

CBC’s action and watchfulness over inflation should provide some support for TWD near term. 

We look for USD/TWD to head lower, back below 31.00 by year-end, aided by the expected recovery in electronic exports.

 


Peringatan: Pendapat yang disampaikan sepenuhnya merupakan milik penulis dan tidak mencerminkan posisi resmi Followme. Followme tidak bertanggung jawab atas keakuratan, kelengkapan, atau keandalan informasi yang disediakan, serta tidak bertanggung jawab atas tindakan apa pun yang diambil berdasarkan konten ini, kecuali dinyatakan secara tertulis.

Suka artikel ini? Tunjukkan apresiasimu dengan memberi hadiah untuk penulis.
Balasan 0

Tinggalkan pesan Anda sekarang

  • tradingContest