DIFFICULT YEAR:
The NT dollar ended the last trading session in the Year of the Tiger at NT$30.368 against the US dollar, down 8.36 percent for the lunar calendar year
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Staff writer, with CNA and AFP
The New Taiwan dollar dropped more than 8 percent against the US dollar in the Year of the Tiger, the steepest annual decline in 25 years, with the greenback bolstered by aggressive interest rate hikes made by the US Federal Reserve.
The NT dollar closed at NT$30.368 against the US dollar on Thursday, the last trading session before the Lunar New Year holiday, down NT$2.54, or 8.36 percent, for the lunar calendar year.
Beginning in 2019, the NT…
