Fed Confirms Rate Meeting Schedule Despite Severe Winter Storm in Washington D.C. 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
The Central Bank of the Republic of China (Taiwan) (CBC) is expected to leave its policy rate unchanged at 1.375 percent on Thursday after the United States Federal Reserve delivered a dovish rate hike last week, given the island’s benign inflation outlook, Scotiabank reported,
The island’s CPI inflation dropped to -0.04 percent y/y in February, from 2.25 percent the previous month. Further, the headline retail inflation is expected to rise slightly in the coming months. In addition, the auction yield on the 364-day NCD has slid gradually since last December.
Foreign investors poured total USD 1.47bn into local equity markets in the past four sessions post March FOMC meeting, boosting the TWD that has been running a tight correlation with local shares since early 2015. Year-to-date, global funds have added to their holdings in Taiwanese stocks by USD 4.43bn according to Bloomberg data.
Meanwhile, the TWSE share index is close to the 10,000 psychological resistance level, which may limit the downside potential for the USD/TWD pair for now on the technical side.
