The USD/TWD falls to 29.900 from 29.956 late Thursday, tracking gains in most Asian currencies after news of measures to stabilize euro-zone economies were announced during the EU summit, says two local bank traders. However, the pair is off an intraday low of 29.848 as the local central bank is suspected of buying greenbacks around 29.880 near the close of onshore trade, they say. "The local currency is expected to continue strengthening next week amid improving risk sentiment," says one of the traders. He tips the pair to trade in a 29.850-29.900 band Monday.
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