The euro gained against the majority of its most-traded counterparts as the central bank saw signs of “stabilization” in the region and investors speculated Greece would convince European leaders to release its aid package.
The euro rose 0.3 percent to US$1.3197 and gained 1.63 percent to ￥102.43 versus the Japanese currency. The yen fell 1.32 percent per US dollar.
Futures traders decreased bets the euro would fall versus the dollar, lowering so-called net shorts for a second week. The difference between wagers that the shared currency will weaken versus those that it will rise narrowed to 140,593 on Tuesday, data from the Commodity Futures Trading Commission showed.
European Central Bank (ECB) President Mario Draghi said on Thursday it would lower the collateral requirements to access the next three-year loan auction later this month. He also said surveys confirm “signs of stabilization” in the region.
The ECB maintained policy makers’ main refinancing rate at 1 percent, in line with the estimates of 55 of 57 analysts in a Bloomberg News survey.
The euro has rallied 4.3 percent versus the US dollar from the low last month of US$1.2624 amid speculation Greek lawmakers would satisfy demands from the European Commission, ECB and IMF to receive the 130 billion euro (US$172 billion) aid package. It is trading US$0.11 above its lifetime average of US$1.2060.
The euro gained 0.1 percent to 1.20959 versus the Swiss franc. It breached the 1.21 mark on Tuesday for the first time since Jan. 25. Swiss central bank interim chairman Thomas Jordan said the currency remains “very strong” and policy makers can’t allow it to appreciate further. The Swiss National Bank imposed a 1.20 cap on the currency on Sept. 19.
DEVELOPING TALENT: The electronics contractor is looking to recruit people to work in core tech fields and emerging industries like electric cars and robotics Hon Hai Precision Industry Co (鴻海精密), the world’s largest contract electronics maker, has launched a recruitment drive, offering a monthly salary of no less than NT$45,000 (US$1,485) to university graduates. For those with a master’s degree, the starting pay would be NT$52,000 per month at the minimum, while doctorate degree holders would receive at least NT$60,000 a month, Hon Hai said a statement issued early this week. The latest recruitment drive is aimed at attracting talent in core technology fields — artificial intelligence, semiconductors and next-generation mobile communications — and emerging industries — electric vehicles, digital healthcare and robotics, the
MRT TRAVEL FALLS: In February, ridership on the Taipei MRT System fell 8.96 percent from an average of 2.01 million per day in January Scooter sales jumped 13 percent last month as more commuters turned to two-wheelers to avoid public transportation amid the COVID-19 pandemic, the latest statistics showed. Sales expanded to 74,493 units last month, compared with 65,913 units in February, statistics released on Wednesday by Kwang Yang Motor Co (光陽工業) and the Ministry of Transportation and Communications showed. In the first quarter, aggregate sales slid 0.51 percent year-over-year to 186,627 units, from 187,580 units, data showed. Kwang Yang, the nation’s biggest scooter manufacturer, continued to lead the market by selling 24,136 vehicles last month, growing 6.12 percent from 20,785 units in the previous month, while
Asustek Computer Inc (華碩), the nation’s leading PC vendor, yesterday launched its first dual-screen gaming laptop powered by Intel Corp’s latest central processing units (CPUs). The PC manufacturer’s announcement closely followed the US chipmaker’s unveiling of its 10th Generation Core H-series, the fastest commercial mobile processors with speeds of up to 5 gigahertz. Although Asustek’s Zephyrus Duo 15, the highlight of its Republic of Gamers line, is not the company’s first laptop with two screens, it is its first designed specifically for gaming. Nestled between the primary display panel and the keyboard, the secondary display, which Asustek calls the ScreenPad Plus, is angled
NO ILL EFFECT: Last month’s data mainly reflected deals made in February, when the spread of COVID-19 was still relatively mild in Taiwan, housing brokers said Housing transactions in the six special municipalities totaled 19,824 units last month, up 7.8 percent from a year earlier, brokers said, citing government data. Last month’s data mainly reflected deals made in February, when the pinch of the COVID-19 pandemic was not yet evident, they said. Taoyuan posted the largest improvement, with housing transactions soaring 36.6 percent year-on-year to 3,676 units, local government data showed. Taiwan Realty Co (台灣房屋) attributed the pickup to the completion of two presale residential projects in the municipality. Houses in Taoyuan have increasingly gained in popularity in the past few year years due to relatively affordable home prices and