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NEW TAIWAN DOLLAR TO MAINTAIN DEPRECIATION AGAINST U.S. DOLLAR.

AsiaPulse News

| March 01, 2004 | COPYRIGHT 2004 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

TAIPEI, March 1 Asia Pulse - The new Taiwan dollar is expected to hover around against the U.S. dollar between a range of 33.35 to 33.45 this week, maintaining a trend of slight depreciation against the greenback, market dealers said Sunday.

Market dealers predicted that the local currency, continuing its depreciation trend against the U.S. dollar of last week, will further move down in value in the coming days, prompted by a weaker yen and stronger demand from local importers' for U.S. dollars.

At the same time, the yen might continue to depreciate against the U.S. dollar in the short term, moving between the 108-111 level, they said, predicting that it will be very difficult for the yen to pick up in value against the ...

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Source: HighBeam Research, NEW TAIWAN DOLLAR TO MAINTAIN DEPRECIATION AGAINST U.S. DOLLAR.

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