Taiwan says FX turnover no intervention indicator

The Central Bank of Taiwan has urged speculators to stop second-guessing central bank policy actions on the Taiwan dollar on the basis of the forex market's daily turnover.

"It is neither sensible nor practical to form an opinion about actions that may or may not have been taken by the central bank in the foreign exchange market on any given day on the basis of market turnover," the bank said in a statement.

"Currency traders tend to trade more actively when volatility in the foreign exchange m