The US dollar traded near a record low against the euro and headed for its third consecutive year of losses against the yen. \nThe US currency yesterday weakened to US$1.35 per euro for the first time on concern foreign demand for US assets will wane. The move was exaggerated by holiday conditions, analysts said. \n"The dollar blew past US$1.35 in a thin market," said Westpac Banking Corp's Robert Rennie, a senior currency strategist in Sydney. "The holidays are upon us and people want to get their work done and go home." \nAgainst the euro, the dollar was at US$1.3493 at 2:30pm in Tokyo, from US$1.3515 late in New York yesterday, according to electronic foreign exchange trading system EBS. It was also at ¥103.70, from ¥103.59. The currency reached a record low of US$1.3517 versus the euro yesterday. \nThe dollar is down 6.7 percent against the euro and 3.3 percent versus the yen this year. Japan's currency is headed for its longest run of annual gains versus its US counterpart in a decade. The dollar may fall to US$1.40 per euro and below ¥100 in the first quarter of next year, Rennie said. \nJapanese markets were closed yesterday, and the US has a holiday today. London's markets are closed Dec. 27 and 28. \nThe dollar's descent may accelerate if it were to exceed US$1.3517 per euro, a level where traders have pre-set orders to sell the currency, said Chris Melendez, president of Tempest Trading Technologies, a hedge fund in Newport Beach, California. \nThe dollar is headed for its 11th weekly loss of the last 12 weeks against the euro, and 12th drop in the past 13 weeks versus the yen. \nThe yen also may advance as the Nikkei 225 Stock Average rose for a fifth day, gaining as much as 1.4 percent, extending this year's climb to 6.3 percent and spurring speculation overseas investors will increase purchases of Japanese shares. \nIn other trading, the dollar hovered at 1.1432 Swiss francs, down 1.2 percent on the week. Against the British pound, it was at US$1.9216, from US$1.9236 on Thursday.
Dignitaries from 47 countries yesterday congratulated President Tsai Ing-wen (蔡英文) on the commencement of her second term and highlighted Taiwan’s achievements in democracy and its response to the COVID-19 pandemic, after US Secretary of State Mike Pompeo sent his congratulations a day earlier. As of noon yesterday, 263 high-ranking officials from 47 countries and global organizations had congratulated Tsai via statements, letters, social media posts or recorded footage, the Ministry of Foreign Affairs said, while releasing a collection of footage sent by selected dignitaries. The governments of Taiwan’s 15 diplomatic allies sent their congratulations, as did the Czech Republic, France, Germany, Italy,
REASSURING NUMBERS: Taiwan’s test capacity ranks sixth or seventh among 91 nations, and is not low compared with other nations, Chen Shih-chung said The quarantine period for foreigners visiting Taiwan for business would vary based on the COVID-19 situation of the nation or territory that they are coming from, the Central Epidemic Command Center (CECC) said yesterday, as it reported the 13th consecutive day of no new cases. Minister of Health and Welfare Chen Shih-chung (陳時中), who heads the center, told reporters at the center’s daily briefing that modified rules covering foreign business visitors had been completed and were ready for him to sign. The complete details of the new rules would be released later this week, he said. Foreigners on long business trips would have
IN PROTEST: The US’ top diplomat said the WHA had been deprived of Taiwan’s scientific expertise, while Tsai said political factors should not be put above health US Secretary of State Michael Pompeo on Monday condemned Taiwan’s exclusion from the World Health Assembly (WHA), while President Tsai Ing-wen (蔡英文) yesterday lodged a strong protest against the WHO for not inviting Taiwan. Twenty-two nations voiced support for Taiwan’s bid for participation on the first day of the assembly’s two-day virtual meeting, but despite the global community’s unprecedentedly strong support for Taiwan, it remained blocked from the assembly, with WHO member states on Monday agreeing to delay discussion on Taiwan until later this year. Pompeo, who on May 6 urged WHO Director-General Tedros Adhanom Ghebreyesus to invite Taiwan to the WHA,
The Central Epidemic Command Center (CECC) yesterday announced no new cases of COVID-19, adding that a ban on mask exports would be lifted soon under three conditions. Minister of Health and Welfare Chen Shih-chung (陳時中), who heads the center, said that 401 people from among the nation’s 440 confirmed cases have been removed from isolation. Yesterday was the 12th consecutive day that no new cases of COVID-19 were reported in Taiwan, and the 37th day of no new domestic cases. “As our local communities have gradually become safe, we should not become careless,” Chen said. “We should continue to take personal protective measures