The USD/TWD is higher, tracking the greenback's broad strength against most regional currencies, say two local traders. The pair is at 29.460 vs 29.399 late Monday in Taipei. The local central bank was suspected of buying near 29.340 late in the afternoon to keep the pair in its target range, traders say. They say exporters and foreign investors were spotted selling, but importers offered decent support, while some foreign funds pulled money out of local assets following the euro's fall, a trader says. They tip the pair to trade in a 29.330-29.460 band Wednesday. Taiwan shares end 0.4% lower; foreign investors are net buyers of NT$2.49 billion worth of local shares.
Find us on Google+
No comments:
Post a Comment