Saturday, 8 December 2012

USD/TWD May Edge Higher; Exporter Selling To Cap

The USD/TWD may nudge higher, tracking broad USD strength and slowing inflows to Taiwan stocks, says a local bank trader. She tips the pair to hover in a 29.050-29.200 band, after trading at 29.136 late Thursday in Asia. Exporters may sell more aggressively while the USD is gaining against most Asian currencies, she adds.

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