StanChart Touts USD/TWD NDF Trade

26 Sep 2011

Standard Chartered is recommending investors buy three-month U.S. dollar/Taiwanese dollar non-deliverable forwards to take advantage of a weakening TWD, caused by slowing growth and an outflow of equity from Taiwan.

Standard Chartered is recommending investors buy three-month U.S. dollar/Taiwanese dollar non-deliverable forwards to take advantage of a weakening TWD, caused by slowing growth and an outflow of equity from Taiwan.

The strategists are targeting a three-month spot price of TWD31.46 with a stop price of TWD29.5. As of press ...

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