Thursday, March 26, 2009

USD/TWD declines

 USD/TWD declines in moderate volume, down at 33.816 vs last close 33.888, tracking weaker USD/KRW, gains in stocks (Taiex +0.9%). "Nobody's buying the U.S. dollar, so it's easy to push the Taiwan dollar higher," says trader at government-owned bank. Tips pair in 33.750-33.950 band today.

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