Foreign money is pouring back into Taiwan after Nvidia's upbeat outlook, which is good news for Taiwan's stock market and its currency but a headache for exporters.

• Nvidia beat expectations and gave a strong forecast, pulling buyers back into AI stocks.
• Foreign investors are moving money into Taiwan again, pushing the Taiwan dollar to its strongest level in over two months.
• The currency had been weak in July because foreign investors were selling shares and sending dividend payouts out of the country.
• That dividend outflow has now ended, and expectations of Fed rate hikes have cooled, leaving the US dollar stuck in a range.
• Other Asian currencies are going nowhere, so Taiwan's gain stands out as money chasing its tech stocks.

Outlook: The Taiwan dollar could push further if foreign money keeps flowing in, with attention turning to the Fed chair's Jackson Hole speech for the next policy signal.