The USD/TWD is higher in thin trade, tracking the greenback's broad strength against regional currencies, say two local traders. The pair is at 29.086, above 29.030, where the pair was trading Wednesday before local central bank's suspected intervention lifted it to 29.125 at the close, traders say. One trader notes foreign fund outflows amid weak local stocks (the Taiex is 0.6% lower) is also supporting the pair. The second trader adds the central bank's recent moves, such as asking onshore traders to report their customers' USD sell orders before executing the transactions and not to short their own USD positions, are still weighing on trading activity; "the central bank may continue to step in to keep the pair in its target range," the trader adds. They tip the pair to trade in a 29.050-29.130 band for the session.
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