Currency markets in the Asia-Pacific region experienced a positive trend on Monday, September 18, as major currencies strengthened against the US dollar. Leading this trend was the Taiwanese dollar, which reached a three-year high. The key economic factors contributing to this movement are outlined below.
The ongoing stabilization of the American economy, combined with potential tariff increases, has had a significant impact on currency markets. Goldman Sachs, one of the world's leading investment banks, has once again revised its forecast for the US dollar, citing robust economic indicators and a likely tightening of trade policy. This marks the second upward adjustment in the past two months, highlighting a shift in the bank's strategy in response to current economic and geopolitical conditions.