Central bank has AI in its intervention corner

Positive outcomes: People visit the AI Expo in Taipei. An artificial intelligence-fuelled tech boom has offered Taiwan some reprieve as the local currency weakens less than the South Korean won and Japanese yen. — AP

TAIPEI: As a strong US dollar drives up currency volatility across Asia, an artificial intelligence-fuelled tech boom has offered Taiwan some reprieve.

The local currency weakened less than the South Korean won and Japanese yen in April, a turbulent month for the region as Federal Reserve (Fed) policy bets shifted.