The USD/TWD rises further late in the session, propelled by outflows from local stocks (with the Taiex ending off 0.2%), the greenback's strength vs most Asian currencies and the central bank's suspected buying of USD around 29.080, two local traders say. The USD/TWD is now at 29.142, surging from a 29.070-29.080 range it traded in for most of the session; the pair on Wednesday hovered below 29.030 before rising to 29.125 due to central bank's suspected interventions. One of the traders tips the pair to consolidate in a 29.000-29.150 range Friday. She says the recent strength of the TWD is likely to take a breather, tracking the USD/CNY and the overall worsening global risk appetite; the USD/TWD had hit its highest level in over 14 months earlier this week.
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