The USD/TWD pares earlier losses, after the Taiwan central bank was spotted buying the greenback around 29.051 and pushed the pair up to 29.120, two traders say; the pair slid to as low as 29.038 earlier in the day due to exporters' selling, compared to 29.122 late Friday in Asia. One of the traders says the U.S. fiscal cliff situation and the euro-zone debt crisis may keep the USD/TWD in a tight 29.00-29.10 range next week, but she adds exporters will likely be keen on selling when the pair approaches 29.10.
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