The USD/TWD is biased down as the EUR/USD recovers from recent weakness, says a local trader. He adds risk appetite is improving on hopes for measures to stabilize markets from a teleconference of G-7 finance ministers later in the day. "An expected rebound in local stocks after Monday's sharp losses is also likely to provide some support to the local currency," he says, adding exporters' selling is also likely to weigh on the pair. He tips the pair to trade in a 29.900-30.050 band for the session, against 30.050 in late trade Monday.
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