U.S. dollar down in Taipei trading
The U.S. dollar slipped against Taiwan's currency in Thursday midday trading, a small win for Taiwanese importers and a mild headwind for the island's exporters.
- The greenback traded lower against the Taiwan dollar at midday on the Taipei foreign exchange market.
- A weaker U.S. dollar makes imported goods cheaper for buyers in Taiwan.
- It cuts into earnings for Taiwan's exporters, especially the chipmakers that sell in dollars.
- Taiwan stocks also opened higher the same morning, pointing to steady risk appetite.
Outlook: Small daily moves like this rarely last, and the currency's direction will hinge on the Fed's next rate decision.