Taiwan’s central bank to stabilize forex market after Fed cuts rates

Taiwan’s central bank to stabilize forex market after Fed cuts rates

imageEconomy7 hours ago (Mar 03, 2020 08:26PM ET)

TAIPEI (Reuters) – Taiwan’s central bank will act to stabilize the foreign exchange market after the U.S. Federal Reserve cut interest rates in response to the fast-spreading coronavirus, a bank official told Reuters on Wednesday.

“We don’t know how powerful this will be,” said the central bank official, speaking on condition of anonymity, referring to the impact of the U.S. decision on Taiwan’s foreign exchange market.

The Taiwan dollar strengthened against the U.S. dollar more than 0.7% on Wednesday morning.

Taiwan’s central bank to stabilize forex market after Fed cuts rates

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

No Comments

Post A Comment

Get FREE access to the latest investment ideas and income strategies from our experts!

Days

Hours

Minutes

Seconds


 By opting in, I agree to receive emails from you and your affiliates.

We're

Powered by

by SendX