Monday, 3 December 2012

USD/TWD May Slip To 29.05; PMIs Help;Concerns Linger

The USD/TWD may slip to test 29.05 as some Asian manufacturing PMI data adds to signs of a recovery, a HK-based trader says. The pair was trading at 29.116 late Friday in Asia; she tips a 29.05-29.15 range Monday. But she adds that risk appetite is far from recovered amid lingering concerns over a resolution to the U.S. fiscal cliff and progress on resolving the Greek debt crisis.

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