Taiwan Dollar Hits Three-Year High on Fund Inflows, Repatriation

Taiwan’s dollar rallied to its strongest in three years amid inflows to its stock market and broad-based weakness in the greenback.

The local currency gained as much as 0.7%, outperforming almost all of its Asian peers, to 29.15 per US dollar on Thursday. Exporter sales of the US currency and a repatriation of funds from local asset managers also played a role, according to two traders, who asked not to be identified as they weren’t authorized to speak publicly.

Last month, the Taiwan dollar notched its biggest single-day gain since the 1980s and has risen more than 12% against ...