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Taiwan dollar new favorite carry trade currency for forex traders

TAIPEI (Taiwan News) — The new Taiwan dollar is becoming a new favorite low-yielding currency for forex traders amid fluctuating rates of larger currencies like the U.S. dollar, euro, and Japane...

Taiwan's O-Bank launches 'Consumer Spending Carbon Calculator,' rewards carbon reduction

TAIPEI (Taiwan News) — O-Bank announced the launch of its “Consumer Spending Carbon Calculator” and “Low-Carbon Lifestyle Debit Card” during a press conference on Wednesd...

New Taiwan dollar acting as proxy for Ukraine-related market risks in Asia

TAIPEI (Taiwan News) — Taiwan’s currency has recently become a proxy indicator for new market risks in Asia amid Russia’s invasion of Ukraine. Forex traders are bearish about the ...

Taipei Forex market back to normal after irregularities: Central Bank

TAIPEI (Taiwan News) —Taiwan’s main foreign exchange—Taipei Forex Inc. (TAIFX)—has resumed regular trading after experiencing abnormalities in pricing quotations for over an ho...

Former BlackRock Taiwan chief explains launch of New Taiwan dollar-backed stablecoin

“I’m convinced that the future of finance is cryptocurrency, in one form or another, and you can see that it has already become a reality,” says Leo Seewald, director of MaiCoin, Tai...

Deutsche Bank given permission to resume trading of New Taiwan dollar forwards

TAIPEI (Taiwan News) — Taiwan’s Central Bank has given Germany’s Deutsche Bank permission to resume trading currency forwards denominated in New Taiwan dollars, according to a CNA re...

Taiwan national bird takes center stage at 2022 lantern fest

TAIPEI (Taiwan News) — The 2022 Taiwan Lantern Festival will for the first time feature “duel lantern themes” – a national bird of Taiwan and a light theater in the harbor city...

Bybit Enables Peer-to-Peer Transactions

SINGAPORE - Media OutReach - 18 January 2022 - Bybit, one of the world's fastest growing cryptocurrency exchanges has taken trading to the next level by enabling peer-to-peer (P2P) transactions to hel...

Taiwan drama 'Gold Leaf' comes under fire for 'twisting historical facts'

TAIPEI (Taiwan News) — “Gold Leaf,” a historical drama set in 1950s Taiwan, has sparked controversy for misrepresenting the parties responsible for the birth of the New Taiwan dollar...

Taiwan's economic growth for 2021 hits 6%

TAIPEI (Taiwan News) — Taiwan’s gross domestic product is likely to expand by 6.01%, as the economy grew by an estimated 3.8% during the third quarter, the government said Friday (Oct. 29)...

US Treasury keeps close eye on Taiwan for its currency manipulator behavior

TAIPEI (Taiwan News) — Taiwan is likely to stay on the U.S. Treasury’s foreign exchange watch list when the next report is released, marking continued scrutiny of the sustained surge in th...

Yellen to label Taiwan 'currency manipulator,' let China off hook

TAIPEI (Taiwan News) — In an apparent disconnect with the Biden administration's vow to hold Beijing accountable for unfair trade practices, U.S. Secretary of the Treasury Janet Yellen appea...

Yushan view from weather station arouses envy in Taiwanese netizens

TAIPEI (Taiwan News) — The photo of a window view against the backdrop of Yushan (玉山), the highest mountain of Taiwan, has wowed netizens who expressed awe at the spectacular landscape. On Fr...

Taiwan dollar gains 5.69% against US dollar in Year of Rat

The Taiwan dollar appreciated 5.69 percent against the U.S. dollar to close at NT$28.390 on Tuesday (Feb. 9), the last trading session before the upcoming Lunar New Year holiday. Compared with the ...

Four foreign banks punished by Taiwan's central bank over speculation case

TAIPEI (Taiwan News) — Four foreign banks have been punished by Taiwan’s central bank for their involvement in currency speculation against the New Taiwan dollar, with Deutsche Bank banned...