Taiwanese central bank asks for smaller dollar trades
Large dollar orders may slow down foreign exchange transactions, central bank says
Taiwan’s central bank has told traders at commercial banks to sell the US dollar in smaller amounts, FX Markets has learned. The size of some banks’ dollar orders have had negative effects on the market, a spokesperson for the central bank says. They say the country’s foreign exchange market is not deep, and if dollar orders are too large it will affect the speed of FX transactions in the interbank market. The central bank has suggested traders sell the dollar in orders smaller than $5 million
Reprinted from https://www.fx-markets.com, the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.