Houston Community News >>
12/30/2010 TAIPEI--
Taiwan's
financial regulator said yesterday it will set up a task force to
inspect banks' use of foreign cash inflows to check for forex
speculation as the local currency hit a 13-year high against the dollar.
The move comes as emerging markets mostly in Asia see huge amounts of money pumped into their economies with investors looking for better returns on their cash as Western nations continue to struggle after the global downturn.
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The move comes as emerging markets mostly in Asia see huge amounts of money pumped into their economies with investors looking for better returns on their cash as Western nations continue to struggle after the global downturn.
Read More
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