Taiwan cenbank warns speculators of potential risk

Taiwan central bank's abrupt easing of its efforts to defend the Taiwan dollar (NTD) against the US dollar in yesterday's late trading session, has wrong-footed both institutional and individual speculators who tried to take advantage from the central bank's supportive move.

The Central Bank of China's sudden withdrawal pushed them to promptly take profits in yesterday's session and it is now believed that they dare not assume that the NTD will slide further, at least in the short run. Market

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