Taiwan's central bank has said that it is investigating activity in the foreign exchange market after noticing "unusual" trading activity over the past few days.
The Central Bank of the Republic of China said a small number of foreign exchange banks had targeted specific times of the day to sell off large quantities of currencies.
"Our inquiry has revealed that the funding for these transactions originates exclusively from the inward remittance made by certain foreign investors," the bank said in a statement late on Wednesday.
The central bank said it has requested the heads two of the foreign exchange banks involved in the transactions to look into the matter and find the final beneficiaries behind the sell-off.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.