Taiwan central bank says will intervene in the TWD if fluctuates dramatically against USD

<p>The Central Bank of the Republic of China (Taiwan) with the intervention threats:</p><ul><li>
Says will intervene if dramatic fluctuations of the Taiwan dollar
against the us dollar</li><li>We sell us dollars
to smooth the market, the Taiwan dollar is decided by supply and
demand</li><li>Says Taiwan's
inflation is stable compared to other countries</li><li>If oil prices hit $100/bbl that would delay easing of inflation for major countries</li></ul><p>

USD/TWD daily candles, showing the persistent slide for the TWD. Its not a TWD thing of course, the USD is higher pretty much everywhere. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.