Central bank expected to curb TWD rise

The yen's strong rise has triggered a wave of currency appreciations across Asia.

However, experts said the Central Bank of the Republic of China (Taiwan) will intervene to ensure the profitability of exporters, which form the backbone of Taiwan's economy.

A rising Taiwan dollar will cause goods made in Taiwan to be more expensive in overseas markets. Keeping Taiwan goods' competitiveness has become more urgent for the central bank, given a slowing global economic recovery, experts said.

The Taiwan dollar rose only slightly against the U.S. dollar yesterday, increasing NT$0.04 to close at NT$31.939. Turnover totaled US$460 million during the trading session.

The greenback opened at the day's high of NT$31.979 and moved to a low of NT$31.860 before rebounding.

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