Wednesday, 28 November 2012

USD/TWD Steady; 29.100-29.200 Range Tipped


The USD/TWD is little-changed at 29.132 vs 29.179 late Wednesday in Asia, as trading interest is subdued ahead of the Thanksgiving holiday in the U.S., says a foreign bank trader. She also doesn't expect much selling by exporters today, as many of them had already sold the greenback at "decent prices" around 29.10-29.20 for month-end settlement over the past few days. The pair is set to be rangebound in a 29.100-29.200 band for the session.

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