Taiwanese Dollar Hits Lowest in Over 2 Months

2026-10-15 04:11 By Joshua Ferrer 1 min. read

The Taiwanese dollar depreciated past 32.3 per US dollar, its weakest level since early August as a sharp selloff in global semiconductor stocks weighed on regional currencies and dampened demand for technology-related assets.

Taiwan’s stock market dropped more than 3%, its steepest decline since July, as concerns over elevated US interest rates, stretched valuations and the returns from massive artificial intelligence investments prompted foreign investors to pull funds from the region.

Foreign investors sold a net NT$165.3 billion of Taiwanese equities on Tuesday, the third-largest daily outflow on record, with selling continuing for a sixth consecutive session on Wednesday.

Hotter-than-expected US inflation data further fueled concerns over additional Federal Reserve rate hikes, adding to pressure on Asian currencies.

However, falling US Treasury yields and oil prices offered some relief, while state-owned banks intervened to support liquidity in the local foreign exchange market.



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Taiwanese Dollar Hits Lowest in Over 2 Months
The Taiwanese dollar depreciated past 32.3 per US dollar, its weakest level since early August as a sharp selloff in global semiconductor stocks weighed on regional currencies and dampened demand for technology-related assets. Taiwan’s stock market dropped more than 3%, its steepest decline since July, as concerns over elevated US interest rates, stretched valuations and the returns from massive artificial intelligence investments prompted foreign investors to pull funds from the region. Foreign investors sold a net NT$165.3 billion of Taiwanese equities on Tuesday, the third-largest daily outflow on record, with selling continuing for a sixth consecutive session on Wednesday. Hotter-than-expected US inflation data further fueled concerns over additional Federal Reserve rate hikes, adding to pressure on Asian currencies. However, falling US Treasury yields and oil prices offered some relief, while state-owned banks intervened to support liquidity in the local foreign exchange market.
2026-10-15
Taiwanese Dollar Hits Lowest in Over a Year
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2026-07-09
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The Taiwanese dollar fell past 31.7 per dollar in early March, marking its weakest level since May 2025, as heavy foreign selling of Taiwanese equities added pressure on the currency. Overseas investors recorded around NT$95 billion in net stock outflows on Tuesday, one of the largest withdrawals in more than a year, amplifying risk-off sentiment in both equity and FX markets. At the same time, rising geopolitical tensions in the Middle East boosted demand for the US dollar as a safe haven, while higher oil prices raised concerns about global inflation and the outlook for interest rates, weighing on Asian currencies more broadly. Short-term forwards for USD/TWD were reported above 32, suggesting market expectations of further downside pressure for the Taiwan dollar, while trading volumes surged to levels not seen in years as investors responded to heightened uncertainty.
2026-03-04