The USD/TWD may open slightly higher on Friday, as foreign funds flow out of the domestic stock market, says a local trader, who tips the pair in a 29.050-29.250 band. He adds, "the local central bank has been concerned about recent appreciation of the New Taiwan dollar, and has been supporting the pair, so it is unlikely to dip below yesterday's low (of 29.050)." The USD/TWD was at 29.142 late Thursday in Asia vs 29.030 Wednesday. The Taiex fell 0.2% to 7143.84 on Thursday, with foreign investors net sellers of NT$1.73 billion worth of shares.
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