StanChart Touts USD/TWD NDF Trade
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 ...Please take a trial or subscribe to access this content.
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