The central bank later took issue with the sources' comments. The move could ease upward pressure on the Taiwan dollar , which has gained nearly 6% against the U.S. dollar so far this year. Taiwan's central bank, wary of being labelled a currency manipulator by U.S. President Donald Trump, has pulled back on its interventions to weaken the currency. The central bank governor has also attributed the strong currency to massive fund inflows, with investors attracted by Taiwan companies' stock dividends. A Taiwan central bank official told Reuters earlier the government was keen to avoid the ire of the United States over its currency policy.

Source: The Edge Markets March 22, 2017 11:26 UTC