Taiwan’s Dollar Inches Close to May Peak as Greenback Retreats

The Taiwanese dollar is edging close to a peak set earlier this month, when it notched the biggest single day gain since the 1980s.

The currency advanced past 30 per dollar this week and is less than 1% shy of reaching this month’s strongest level. The latest bout of the currency’s appreciation has been gradual, mostly driven by greenback weakness spurred by uncertainty over trade deals and US fiscal concern.