Taiwan’s Central Bank says the depreciation of the greenback will be gradual, if it happens at all.
The greenback has depreciated recently, with one US dollar against the New Taiwan dollar at 28.1. There has been speculation that the greenback could depreciate another 20 to 30%.
On Wednesday, Central Bank Deputy Governor Yen Tzung-ta said that the Central Bank is concerned about major countries expanding their quantitative easing policy, causing much of the world’s investment capital to flow to emerging countries instead. Yen said though that the US dollar has recently caused much less fluctuation in most countries’ stock markets than it did at the beginning of the year.