The USD/TWD is likely to remain rangebound amid a dearth of fresh trading cues, says a local trader. She expects the market will look out for any more foreign fund outflows from local stocks. She tips the pair to stay in a narrow 28.980-29.030 band for the session. The pair was at 29.127 late Tuesday in Taipei after the local central bank's suspected intervention around 29.020, traders say. The Taiex ended down 0.4% at 7721.66 Tuesday, with foreign investors net sellers of NT$6.84 billion worth of local shares; foreign investors have been net sellers of local stocks for the past three sessions.
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