Taiwan Dollar Strengthens on World Economic Recovery

Source: Bloomberg
The Taiwan Dollar appreciated the most in almost five months versus the U.S. counterpart on the U.S. and China's reports showed the world economic recovery accelerated, increasing demand for risky assets. According to the data the U.S. payrolls increased by 157,000 last month and services industries in China signaled the biggest gain since August. The Taiwan's Dollar strengthened 0.3% versus the U.S. Dollar and traded at NT$29.58 in Taipei after falling to NT$29.70 on January 29, the lowest since September 14.
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