MUFG on the Taiwan dollar move a "19-standard-deviation event" ...Middle East

The Taiwan dollar’s daily move was described as a 19-standard-deviation event, underscoring its rarity.

Renewed hopes for U.S.-China trade talks, particularly surrounding tariffs, boosted regional sentiment.

Robust Taiwanese GDP data and a sharp $1.2 billion in foreign equity inflows further supported the TWD.

Holiday-thinned liquidity and a rush in exporter conversions may have exaggerated the moves.

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Surging TWD fuelling revaluation talk

The surge for the TWD continued today:

I posted this chart earlier

This article was written by Eamonn Sheridan at www.forexlive.com.

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