Taiwan Dollar Slides

The Taiwan dollar has begun to fall again, posting a 10 month low on monday of 33.096. to the US dollar. Economic indicators are not good for the Beautiful Island, and with the Fed hiking interest rates, with more hikes inevitable, and falling foreign trade....

Taiwan registered a combined trade surplus of US$1.17 billion for the first eight months of this year, an astounding plunge of 79.1 percent from the year-earlier level - another major driving force that Yeh said has sent the new Taiwan dollar plummeting. In comparison, South Korea posted a trade deficit of US$15.98 billion for the same eight-month period.

[Taiwan]