Taiwan's Premier Cho Jung-tai has weighed in on the New Taiwan dollar's exchange rate fluctuations against the U.S. dollar. That's as the currency's value spikes while trade talks between the two sides continue.
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00:00Premier Zhou Rongtai says the new Taiwan dollar's sudden rise against the U.S. dollar
00:04has nothing to do with trade talks between Taipei and Washington.
00:22The new Taiwan dollar saw its biggest growth in decades against the U.S. dollar over the past
00:28few days. But the timing coinciding with Taipei's tariff talks with Washington has sparked speculation
00:33that they might be related. Taiwan is listed on the U.S. Treasury Department's currency
00:38monitoring list. But the Premier says Taiwan does not manipulate its currency.
00:58As of reporting time, Taiwan's exchange rate sits at around 30 new Taiwan dollars to one U.S. dollar.