(Bloomberg) -- Taiwan's dollar headed for the
biggest five-day rally since Dec. 1 on speculation the central
bank will stem declines after the currency last week reached a
17-month low. Government bonds advanced.
The currency is set for a second weekly gain after the
central bank yesterday said mutual funds should invest more in
local stocks rather than sending money abroad. The island's
dollar yesterday touched the strongest since March 2.
Read more at Bloomberg Currencies News
biggest five-day rally since Dec. 1 on speculation the central
bank will stem declines after the currency last week reached a
17-month low. Government bonds advanced.
The currency is set for a second weekly gain after the
central bank yesterday said mutual funds should invest more in
local stocks rather than sending money abroad. The island's
dollar yesterday touched the strongest since March 2.
Read more at Bloomberg Currencies News
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