NT dollar closes at highest since 1997

WorldNews

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‘TRIGGER POINT’: A median estimate showed that the currency would probably continue its climb to reach 28.4 against the greenback by the end of next quarter Bloomberg The New Taiwan dollar yesterday closed at its highest level since 1997 and more gains are likely on the way as the central bank eases its grip on the currency. The NT dollar gained 0.5 percent to NT$28.521 against the US dollar at the close, stronger than its NT$28.632 high in 2011. The currency rose 1 percent over the past five sessions,...

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