23 days ago • Posted by Martin Boujol
Taiwan might be tagged as a currency manipulator: its currency falls
The Biden Administration is likely to include Taiwan in its currency manipulator list. Impairing trade with the Taiwanese nation does not seem like a great idea though, as the Taiwanese laughed that if that's what the US aimed to do, they could simply stop selling them their semiconductors. The Taiwanese dollar fell 2% since the early March peak of 28.5 per US dollar, falling to 28 for most of the first quarter. Rising US treasury yields is also a pressure on the currency, as investments tend to be directed overseas.