The central bank is urging market commentators to avoid excessive speculation
about the continuing sharp appreciation of the New Taiwan dollar against the
U-S dollar -- warning such behavior disrupts market order.

The institution responsible for managing the country's monetary policy is
also calling on local companies to not rush to sell off U-S dollars in
response to speculation - stressed the need for them protect their own
long-term interests.

According to the central bank, the comments and actions are creating
expectations that the currency will continue to strengthening.

The statement came after the U-S dollar fell further against the New Taiwan
on Monday, to close at 30.145 N-T.

The decline continued a fall seen last Friday, when the greenback shed 0.953
N-T to end at the week at 30.064 N-T.

The U-S dollar fell by a total of 6.21-per cent during the two sessions
against the New Taiwan dollar.

Reports are attributing the U-S dollar's sharp losses to pressure from the
Trump administration, as Taiwan and the U-S have entered talks over a
potential reduction of the 32-per cent reciprocal tariff.

The central bank says it is not part of Taiwan's negotiating team with the
U-S and has never participated in the talks and is stressing that the U-S
Treasury Department has not asked Taiwan to push up the New Taiwan dollar.