A “Mar-a-Lago Accord” for the Taiwan Dollar? The Economic and Geopolitical Consequences
Alicia García Herrero (Natixis) | The New Taiwan Dollar (TWD) tends to be a boring currency with limited volatility, but the sudden appreciation – if not revaluation – on 2nd and 5th May has surprised the world. The fact that it happens while Taiwan holds negotiation talks with the Trump administration is telling, although there is no official acknowledgement of the coincidence.Until the recent appreciation, the performance of the TWD…