Taiwan Dollar at Risk of Insurers Reducing $95 Billion of Hedges

The Taiwanese dollar is expected to lose a crucial source of support as new accounting rules allow insurers to unwind foreign-exchange hedges on as much as NT$3 trillion ($95 billion)...

By Iris Ouyang, Chien-Hua Wan · Bloomberg Markets

The Taiwanese dollar is expected to lose a crucial source of support as new accounting rules allow insurers to unwind foreign-exchange hedges on as much as NT$3 trillion ($95 billion) of overseas assets.