U.S. dollar closes lower on Taipei forex market (update)

Focus Taiwan
Date: 2018/02/13
By Frances Huang 

Taipei, Feb. 13 (CNA) The U.S. dollar fell against the Taiwan dollar Tuesday, shedding NT$0.042 to close at NT$29.358 as a rising Wall Street boosted currency traders’ appetite for risk taking by picking up non-U.S. dollar currencies in the region, dealers said.

In addition, seasonal fund demand ahead of the Lunar New Year holiday also placed downward pressure on the U.S. dollar, while the losses suffered by the greenback against the Taiwan dollar were capped by a fall in the Chinese yuan, dealers added.

The U.S. dollar opened at the day’s high of NT$29.392, and moved to a low of NT$29.329 before rebounding. Turnover totaled US$584 million during the trading session.    [FULL  STORY]

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