Currency Slide Seen Helping Exports and Stock Prices: The slide of the new Taiwan dollar is expected to revive Taiwan's flagging export growth and stock prices in the coming months, analysts said. The new Taiwan dollar, which climbed steadily for most of the 1980s, closed near a two-year low against the U.S. dollar Friday at 26.9250 on heavy volume worth $304 million. It has fallen 5.99% against the U.S. dollar this year.
From Times Staff and Wire Reports
Copyright © 2019, Los Angeles Times