The currency policy authority in Taiwan: Market commentators should not speculate on the foreign exchange market.

The currency policy regulator in Taiwan pointed out that the strong expectations of the New Taiwan dollar appreciation in the market partially come from market commentators. They urge market commentators not to speculate on the foreign exchange market in order to avoid affecting the stability of the exchange rate and potentially harming the economy. The regulatory agency also urges businesses not to believe in exaggerated or false analysis that may lead to irrational expectations and selling of foreign exchange. They state that they will not manipulate the exchange rate and reiterate that the US Treasury has not requested the appreciation of the New Taiwan dollar. If exchange rate fluctuations endanger market stability, they will intervene. In the past two trading days, there has indeed been excessive volatility, and Taiwan has already taken action to regulate the market.