Hot money driving Taiwan NT higher on 2012

3:23 AM

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Hot money driving Taiwan NT higher on 2012
mines,gold,silver,oil,gazz,coal,prices,market,asia,europa,america,africa

Hot money to return to Taiwan,odd-numbered days to more than $1000000000,pushing the new Taiwan dollar exchange rate after the shot angle 2.76,approaching 29.5 yuan mark. Taiwan monetary policy authorities although at intraday market transactions,but to the last disc started to buy sinks,or shrink to 1.66 corners,to close at 29.620 yuan,the closing price of a more than 4 months to record.

Traders said,the United States will maintain the quantitative easing policy after 2014,the dollar will remain weak,Asian monetary value continue to rise,even if is to master the 400000000000 US dollar foreign exchange reserves of the Taiwan monetary authority,also cannot contrarian,only to have to buy the needs of the life insurance industry,oil and importers in remitted,increase the number of dollars buying.

But as long as the stock continues to rise,the new Taiwan dollar exchange rate will rise again,Taiwan monetary authorities can only try to keep order.Traders said,this time into the tide is very special,when the new Taiwan dollar exchange rate appreciation,overseas NDF price will appear discount enlargement. But the lunar spring,the new Taiwan dollar exchange rate in the two trading days,gained a total of 3.7 angle,overseas NDF quotes still not to turn a hair.

The current overseas NDF price,regardless of a month or a week,showed the expected depreciation premium,instead of betting on the appreciation of the discount. This batch of inward remittance of funds is not short in short capital speculation,but with investment demand substantial inward remittance,this reasoning,the new Taiwan dollar exchange rate to reduce future or Yi Sheng.....RESOURCES