For the NT dollar, Citigroup predicts the currency to trade at NT$31.0 against the US dollar by the end of December and further appreciate to NT$30.8 by the end of next March. It will continue rising to NT$30.5 and NT$30.2 by the end of second quarter and third quarter next year respectively, the report said.
Wed, Aug 27, 2008 - Page 11 News List
NT dollar falls on worries over potential downturn
SLUMPWhile recent weakness in regional currencies has aroused market worries of a ‘U-turn,’ a Citigroup report said that the general appreciation trend should continue
By Kevin Chen / STAFF REPORTER
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