The Taiwan dollar surged to NT$29.165 to US$1 on Thursday, on over US$3.2 billion in trade, adding to a relentless rise this year, media report. In late April, the Taiwan dollar was NT$32.017 to US$1, and crossed the NT$31 line, then NT$30, and now it’s testing NT$29. Other reports say insurance companies and equipment makers are suffering from the speedy rise in the Taiwan dollar. Tech firms have said the stronger local currency will impact profits. $Taiwan Semiconductor(TSM.US) #semiconductors #semiconductor
Source: Dan Nystedt
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