Taiwan Dollar Volatility Sinks as Geopolitical Tensions Fade

Traders are dialing back expectations for swings in the Taiwan dollar as geopolitical tensions ease and investors return their focus to the global economic outlook.Most Read from BloombergUS-Saudi Oil Pact Breaking Down as Russia Grabs Upper HandUS Arrests 21-Year-Old National Guardsman in Classified Documents LeakArnault's Wealth Soars to $210 Billion,

China sanctions US Congress member for Taiwan visit

China sanctioned a United States lawmaker Thursday for his visit to Taiwan, saying he violated the “One China” principle that says Beijing has sovereignty over the island. Beijing says Taipei has no right to conduct foreign relations.