A softer US dollar is pushing Taiwan's currency and stock market higher, good news for local investors but a squeeze on exporters who hold dollars.

• The dollar index fell below 99 after Fed officials hinted at rate cuts, lifting the Taiwan dollar toward the 31.5 level.
• Taiwan's stock market opened sharply higher and came within reach of its record high, led by TSMC, MediaTek and Delta Electronics.
• Exporters are sitting on a record pile of unsold dollars — nearly $300 billion so far this year, up a third from last year — and whether they finally sell will decide how far the currency climbs.
• Micron faces a worker revolt in Taiwan over bonuses, with union membership topping 10,000 and strike talk growing even as AI memory demand booms.
• JPMorgan warns $100 billion of bets against the Japanese yen could unwind fast if the dollar drops below 155 yen, driving the yen sharply higher.

Outlook: The next US inflation reading is the near-term trigger — a soft number would weaken the dollar further and open the door to 31.5.