The currency will rise to a two-year high of NT$32 per U.S. dollar from yesterday’s close of NT$33.069, said London-based Standard Chartered, which revised its forecast from three months ago for NT$32.50. Taiwan’s investors sent a record US$17.2 billion overseas in the second quarter in search of higher yields, driving the currency 1.5 percent lower this year.

“Further narrowing of interest-rate differentials is needed in order to slow Taiwanese investor outflows,” Callum Henderson, head of currency strategy at the bank in Singapore, wrote in a Sept. 10 report.

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