The information provided is of general nature only and does not take into account your personal objectives, financial situations or needs. Before acting on any information provided, you should consider whether the information is suitable for you and your personal circumstances and if necessary, seek appropriate professional advice. All opinions, conclusions, forecasts or recommendations are reasonably held at the time of compilation but are subject to change without notice. Past performance is not an indication of future performance. Go Markets Pty Ltd, ABN 85 081 864 039, AFSL 254963 is a CFD issuer, and trading carries significant risks and is not suitable for everyone. You do not own or have any interest in the rights to the underlying assets. You should consider the appropriateness by reviewing our TMD, FSG, PDS and other CFD legal documents to ensure you understand the risks before you invest in CFDs. These documents are available here.
Any references to Australian or international shares, sectors, indices, ETFs, crypto-related stocks or other instruments are provided for market commentary and watchlist purposes only and do not constitute a recommendation, offer or solicitation to buy, sell or hold any financial product or adopt any investment strategy. International markets may involve additional risks, including currency fluctuations, regulatory differences, market structure differences, reduced liquidity and higher volatility. Company-specific, sector-specific and macroeconomic risks may also affect performance.
Commentary on geopolitical developments, economic data, central bank decisions, earnings, policy changes and other global or financial market events is based on information available at the time of publication and may change without notice. Such events can lead to sudden market moves, price gaps, reduced liquidity, wider spreads and increased volatility, particularly in leveraged products such as CFDs. Forward-looking statements, expectations and scenario analysis are inherently uncertain and should not be relied on as guarantees of future market behaviour or outcomes.
Taiwan Dollar: Foreign outflows pressure currency – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong highlight that Taiwan Dollar (TWD) has extended losses on heavy foreign equity outflows, partly retracing into the Asian close amid talk of CBC leaning against depreciation. They stay somewhat cautious, suggesting any sustained TWD recovery will require improved underlying flows, with CBC smoothing only likely to contain excessive volatility rather than drive a full reversal.
Cautious on Taiwan Dollar
"TWD extended its decline amid continued foreign equity outflows, though losses were partially retraced into the Asian close."
"Foreign investors sold a record TWD302.5bn of Taiwanese equities on Thursday as the global tech selloff deepened. There was market chatter of CBC leaning against the wind, potentially helping to temper the pace of depreciation into Asia close."
"We remain somewhat cautious on TWD, though tentative stabilisation in US equities overnight, alongside softer Treasury yields and USD, may offer some respite."
"Focus will be on whether foreign selling moderates after Thursday’s sharp selloff. A more sustained TWD recovery would likely require some improvement in underlying flows, while CBC smoothing may help contain excessive volatility."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)
Related Articles
