Taiwan's Premier Says Currency Fluctuations Have Nothing To Do With U.S.

TaiwanPlus News

Taiwan's Premier Cho Jung-tai has weighed in on the New Taiwan dollar's exchange rate fluctuations against the U.S. dollar. That's as the currency's value spikes while trade talks between the two sides continue.

Transcript

00:00Premier Zhou Rongtai says the new Taiwan dollar's sudden rise against the U.S. dollar

00:04has nothing to do with trade talks between Taipei and Washington.

00:22The new Taiwan dollar saw its biggest growth in decades against the U.S. dollar over the past

00:28few days. But the timing coinciding with Taipei's tariff talks with Washington has sparked speculation

00:33that they might be related. Taiwan is listed on the U.S. Treasury Department's currency

00:38monitoring list. But the Premier says Taiwan does not manipulate its currency.

00:58As of reporting time, Taiwan's exchange rate sits at around 30 new Taiwan dollars to one U.S. dollar.

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