The New Taiwan dollar is expected to rebound following a recent decline, according to Goldman Sachs. The investment bank cited improving economic indicators and reduced market volatility as key factors supporting the currency's recovery. Analysts note that the TWD's weakness was largely driven by temporary risk-off sentiment, which appears to be easing.
Goldman recommends positioning for a gradual appreciation, particularly against the U.S. dollar, as global trade conditions stabilize and regional capital flows normalize. The firm maintains a neutral-to-positive outlook on Asian currencies, with Taiwan benefiting from its strong export base and technological competitiveness. Traders are advised to monitor upcoming central bank communications and inflation data for further confirmation of the trend.
Source: Wall Street Journal Markets · Summarized by HeadlinesBriefing