Taiwan dollar has dropped some of its gains today after Friday and Monday’s surge

May 6, 2025
-FXnews

The Taiwan dollar weakened against the U.S. dollar after Central Bank Governor Yang Chin-Long sought to calm markets following a sharp two-day rally in the local currency.

Yang urged restraint from market commentators and warned manufacturers not to be swayed by exaggerated or misleading exchange rate analyses.

According to DBS strategist Philip Wee, the currency’s pullback reflects official efforts to rein in speculation

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