Taiwan dollar plunges against the USD 📉
The TWD has fallen 10% in the last few days, the biggest drop in more than three decades 😱
I believe the two main reasons are:
⏺Taiwan may be tolerating its currency weakness to maintain export competitiveness or for political leverage in trade discussions with the U.S.
⏺Ongoing U.S.–China tensions and fears of escalation keep driving capital out of Taiwan into safer places because of geopolitical risk.