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Taiwan Dollar Retreats, Still Near Four-Month High

September 23, 2013 at 12:46 by Vladimir Vyun

New Taiwan dollar banknotes and coinsThe Taiwan dollar retreated today, but still traded near the highest level in four months after the US Federal Reserve shook the market by refraining from quantitative easing tampering.

The Fed made no changes to its stimulus program last week, surprising Forex market participants who have expected some form of QE tampering. Most currencies, except safer ones, surged after the decision, though trimmed their gains by the weekend. The Taiwan dollar traded at 29.505 per dollar, strongest since May 10, before retreating.

USD/TWD went up 0.15 percent to 29.5820 as of 12:45 GMT today.

If you have any questions, comments, or opinions regarding the Taiwan Dollar, feel free to post them using the commentary form below.

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