The US dollar fell against the New Taiwan dollar on Thursday, shedding 0.3 percent to close at NT$32.306. BloombergThe US dollar swung between gains and losses after a report showed US jobs growth last month exceeded forecasts, while the unemployment rate moved up and wage increases slowed. The chances of the central bank cutting interest rates have jumped to 74 percent, from 11 percent just before the decision to leave the EU was announced. “The yen is benefiting both from a pervasive sense of risk aversion as well as a more general concern over global growth. The Bloomberg Dollar Spot Index, which tracks the currency against 10 major peers, fell 0.3 percent on Friday, paring a weekly gain of 0.3 percent.

Source: Taipei Times July 09, 2016 15:56 UTC