Jan. 30 (Bloomberg) -- Morgan Stanley predicted the Taiwan dollar will weaken, even as the Chinese yuan strengthens, because countries dependent on exports are the “most vulnerable” during a global economic slowdown.
The Taiwan dollar will decline almost 5 percent to NT$35.3 this year, Morgan Stanley forecast in a report published yesterday. The New York-based company recommended investors bet on appreciation in the yuan against the dollar with three-month non-deliverable forwards.
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