Taiwan Dollar Volumes Surge With Tech Demand Ahead of Tariffs

Taiwan dollar trading volumes jumped to a 16-year high as the greenback slumped and foreign demand for local electronics received a boost before US tariffs.

Currency trading volumes jumped to $2.95 billion on Monday, the most since April 2009. That helped the Taiwan dollar rally as much as 0.8% intraday, before trimming the move as state-owned banks were said to have bought the greenback.