Taiwan dollar eases after historic surge as officials deny currency talks with U.S.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 06 2025
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Source: CNBC
Taiwanese Dollar Fluctuations: The Taiwanese dollar experienced a significant pullback of over 3% against the U.S. dollar after a historic surge, driven by exporters converting U.S. dollar reserves and speculation about U.S. pressure for a stronger currency. Despite this, it remains up over 8% this year.
Impact on Export Sector: The strong local currency is putting pressure on Taiwan's export-heavy tech sector, particularly affecting companies like Taiwan Semiconductor Manufacturing Co, which may see reduced operating margins due to the appreciation of the Taiwanese dollar against the U.S. dollar.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
