NT$ falls on Fed rate increase bets

“The U.S. dollar is rebounding as the jobless figures were quite good,” said Henry Lin, a currency trader at Taiwan Shin Kong Commercial Bank in Taipei. “With the U.S. economy recovering, the Fed may raise interest rates earlier than previously expected.”

The local dollar weakened 0.3 percent to NT$32.28 against its U.S. counterpart as of 4 p.m. local time, according to Taipei Forex Inc.

The currency is up 1.9 percent this year, headed for its best annual performance since 2004, as overseas investors pumped almost US$13 billion into Taiwan stocks to benefit from the island's strengthening ties with China.

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