Taiwan dollar surges by 70 cents, Taiwan central bank clarifies: no pressure from the US

The New Taiwan dollar has recently significantly appreciated against the US dollar, dropping from 33.2 in early April to 31.4 today, with a monthly appreciation of 5% and a 0.7 appreciation today. The Central Bank of Taiwan rarely issued a press release, stating that recent media reports about the United States requesting New Taiwan dollar appreciation and mentioning specific exchange rates are inconsistent with the facts.

[Rest of the translation follows the same professional and accurate approach, maintaining the original structure and meaning while translating to English] The key points from the Central Bank's statement include: 1. During trade consultations with the US, Japan, and South Korea, some media speculated about currency appreciation. 2. The US Treasury Secretary confirmed no specific exchange rate targets were discussed. 3. Since 2021, the US Treasury has not accused any trading partners of competitive devaluation. 4. The US Treasury did not request New Taiwan dollar appreciation. 5. The New Taiwan dollar has remained stable against the US dollar. The article also discusses the USD/JPY exchange rate and market dynamics, noting that the US dollar briefly dropped below 140 yen but has since recovered to around 145 yen. The final section suggests that investors selling US dollars have contributed to the New Taiwan dollar's significant appreciation, with the Central Bank seemingly taking a passive approach to this trend.