Taiwan dollar leads Asia FX losses on equity outflows, bond buying


The Taiwan dollar led Asian currency declines on Friday, logging a seventh straight session of losses and slipping to a more than three-month low, as foreign investors sold local stocks and the island's residents bought overseas bonds.

The Taiwan dollar weakened 0.6% to 30.682 per U.S. dollar and is on track for its worst weekly percentage drop since late-September 2015. It is set to lose over 2% in value in the last seven sessions.

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