Taiwan dollar forecast to rebound by year-end despite AI-linked sell-off

The Straits Times, citing Bloomberg, reports that the Taiwan dollar fell to its weakest level since April 2025 on October 19 amid foreign stock sales and doubts about AI valuations. OCBC and ING forecast a rebound to 31.60 and 31.50 per US dollar, respectively, by year-end—about a 3% gain from levels at the time. Analysts point to exports and trade surpluses as support, while foreign outflows and a strong US dollar remain near-term pressures.