Investors are dusting off intervention rules again as a method Renewable dollar It raises the specter of new efforts by officials to protect their currencies.
Taiwan’s central bank issued a rare statement this week to calm investors after global funds reduced their holdings of the island’s stocks and the local currency fell. A South Korean official said Reporters Wednesday the won excessive weakness, while China’s central bank maintained strong support Its currency was fixed daily throughout this week. Speculation is growing that the yen will be next.