DJ Taiwan Dollar at 2 1/2-Year Highs Vs Greenback -- Market Talk
0339 GMT - The new Taiwan dollar hits its best level since September 2014 versus the greenback as foreign investors continue to pile in, says Gao Qi at Scotiabank. Robust chip and component exports, in line with the strong global demand seen for Korean chips, is expected to aid the island's economy there while the new iPhone should give an added lift. Speculation has been rife Taiwan's central bank would move away from intervening to weaken the currency after the US put it on a watch list of potential currency manipulators this month. The dollar is just below TWD30. (kenan.machado@wsj.com)