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Updated · Bloomberg · Jul 9Taiwan Dollar Falls 0.6% to 14-Month Low as Greenback Strength and Dividends Bite
3 articles · Updated · Bloomberg · Jul 9Summary
- 32.210 per US dollar marked the Taiwan dollar’s weakest level since April 2025 after it slid as much as 0.6% on Thursday.
- Dollar strength and record dividend payouts weighed on sentiment, driving the latest drop in the Taiwan currency.
- That decline erased gains from last year’s historic rally, when the Taiwan dollar surged in May by the most since the 1980s.
- The earlier jump had been fueled by easing trade tensions and upbeat tech earnings, underscoring how sharply the currency backdrop has reversed.
Insights
As Taiwan's AI economy booms, why is its currency hitting a 14-month low? Can Taiwan's world-leading chip industry survive its severe energy import dependency?