USD/TWD ends sharply down
Posted on July 4th, 2009 in Currency Rate, Money Market | Comments Off
USD/TWD ends sharply down sharply at 32.820 vs 32.955 last close in moderate trade on foreign fund inflows, weak USD/KRW, gains in Taiwan shares (Taiex +0.8%), exporters’ month-end selling, says local bank trader. “There were some fund inflows as foreign investors foresee possible future gains in Taiwan shares, but the volume was not heavy as investors are still waiting for second-quarter earnings reports (to be released this week),” she says. Eyes USD/TWD in 32.700-32.850 band tomorrow.