Capital Flows to US Dollar for Safe Haven, April RMB Deposits Hit Over 12.5-Year Low
NQ Score
90/100
AI Summary (NQ-processed)
Due to heightened risk aversion triggered by the Middle East conflict, capital shifted to the US dollar, causing Taiwan's RMB deposits in April to fall by 36.09 billion RMB from the previous month to 106.788 billion RMB, marking the lowest level in over 12.5 years.
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