The USD/TWD rises, tracking the greenback's broad strength against most currencies on renewed risk aversion amid concerns over Europe, say two local traders. The pair is at 29.497 vs 29.451 late Tuesday in Asia; they say the local central bank was suspected of buying around 29.400 late in the session to keep the pair in its target range. "Foreign fund outflows are pushing the U.S. dollar higher, but exporters' month-end settlements still cap its rise," a trader says. The second trader thinks the pair is still likely to rise further with the EUR/USD and AUD/USD remaining weak. They tip the pair to trade in a 29.350-29.500 band Thursday. Taiwan's shares end 0.8% lower; foreign investors turn net sellers of NT$3.12 billion worth of local shares after being net buyers over the past 13 sessions.
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