Tuesday morning in Asia, the Taiwan currency dropped to a 5-day low of 33.539 against the US dollar. On the downside, support is seen at the 33.66 level for the Taiwan dollar. The pair that closed yesterday's deals at 33.25 is currently quoted at 33.51.
In economic news, Taiwan is set to provide March numbers for imports, exports and trade balance. Imports are predicted to fall 44.5 percent on year following the 31.6 percent annual decline in February. Exports are predicted to shed 35.3 percent after the 28.6 percent fall a month earlier. The trade balance is expected to jump 2.24 percent on year after the 1.67 percent gain in the previous month.
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