Taiwan central bank to intervene on fluctuations

The Taiwan dollar has lost more than 5% of its value against the surging greenback so far this year. — Reuters

TAIPEI: Taiwan’s central bank will intervene in the foreign-exchange (forex) market if there are “extreme” fluctuations to maintain financial stability, its governor Yang Chin-long says.

The Taiwan dollar has lost more than 5% of its value against the surging greenback so far this year.