Tuesday, 2 October 2012

USD/TWD Lower On Inflows; 29.280 Floor Tipped



The USD/TWD is lower at 29.298 compared with 29.402 late Monday in Taipei as inflows weigh the pair but trading is likely to remain quiet amid a lack strong catalysts, a local trader says, tipping the pair in a 29.280-29.320 range. "There is not much going on in the market but the expected rise in the Taiex will attract some inflows," he adds, noting exporters will likely stay low key while importer buying will provide some support.

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