Taiwan's Dollar is forecast to fall after reaching 8-month high

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Source: Bloomberg
© Scanpix/RS
Taiwanese Dollar is set to weaken against the majority of currencies after it rose to the highest level in eight months amid speculation that the Federal Reserve's Governor Perng Fai-nan will add more measures in order to support exporters. The currency gained 0.7% after the country's central bank remained its stimulus unchanged on September 18, but it dropped 0.1% to NT$29.536 against the U.S. Dollar.

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