March 2, 2017 / 4:42 AM / in 8 months

BRIEF-Taiwan has massive FX reserves to maintain market order gov

March 2 (Reuters) - Taiwan’s central bank governor Perng Fai-nan made the following comments in a parliament session:

* Taiwan has massive forex reserves to maintain market order if a U.S. rate hike prompts foreign fund outflows.

* The U.S. dollar accounts for most of the central bank’s forex reserves. The central bank did not increase its holdings of Chinese currency.

* Perng said earlier on Thursday the U.S. government is unlikely to label Taiwan a currency manipulator under the existing criteria used by the U.S. Treasury to assess currency policies of its trading partners. (Reporting by Faith Hung; Editing by Jacqueline Wong)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below