USD/TWD: Tracking the CNY weaker
USD/TWD: TWD Weakens Tracking CNY's Decline
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The TWD has tracked the CNY weaker over the last month, and even slightly underperformed it over that period, losing more than 2% from a month ago.
As we are expecting further CNY weakness in the coming month, we’d look for the TWD to track weaker too to maintain relative exchange rates.
One positive development is that there are tentative signs that the semiconductor cycle may be troughing. It is early days yet, but that might provide some more support for the TWD in the coming months as that develops.