The Taiwan Dollar Is a Surprise Winner From the Trade War
- Currency caps best quarter since 2018 as foreign funds return
- Firms caught in U.S.-China trade dispute redirect investments
Photographer: Jerome Favre/Bloomberg
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The Taiwan dollar is proving to be an unexpected beneficiary of the U.S.-China trade war.
The currency notched its first quarterly rise since March 2018, as foreign funds returned and firms redirected investments to Taiwan to avoid U.S. tariffs against China. Taiwan’s financial markets were closed Monday due to a typhoon.