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(Bloomberg) — The Taiwan dollar’s weakness led by global jitters over the artificial intelligence trade is masking the island’s underlying economic resilience that favors the currency’s rally into year-end, analysts say. While the currency has come under intense pressure in recent sessions, Oversea-Chinese Banking Corp. and ING Bank NV see it rebounding to 31.60 and 31.50, respectively, implying an appreciation about 2% from current levels. Underscoring those projections are Taiwan’s robust economic growth and current account surplus. Even though doubts over lofty AI stock valuations continue to drive outflows and weigh on the exchange rate in the short term, analysts…
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