(Bloomberg) -- Taiwan's dollar weakened to the lowest since December 2005 on speculation investors will borrow the local currency to take advantage of its low interest rates to buy higher-yielding assets elsewhere. Government bonds dropped.
The island's dollar fell for a sixth day as the benchmark rate of 2.875 percent, the second-lowest in the region after Japan, encouraged so-called carry trades. This year, the Taiwan dollar has dropped 2.3 percent and the yen has fallen 1.1 percent.
Read more at Bloomberg Currencies News
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