TAIPEI: As Taiwan investors mull the will-they won’t-they tie-up of opposition candidates into January’s closely-watched election, history suggests some gains may still lie ahead for those willing to bet on the local dollar going into the poll.Only once ahead of the last six elections did the Taiwan dollar weaken against its US counterpart in the three months before the vote, according to Bloomberg calculations, a decline of about 2% in 2016.
On the other five occasions it strengthened an average 3.6%. Starting the stopwatch three months before this coming election day, it is up about 1%.
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