Focus Taiwan
Date: 2016/11/24
By: Frances Huang
Taipei, Nov. 24 (CNA) The U.S. dollar rose against the Taiwan dollar Thursday, gaining NT$0.047 to 
close at NT$31.927 as the minutes of the last Federal Reserve policymaking meeting show that the Fed supports a rate hike in December, dealers said.
Foreign institutional selling in local equities added downward pressure on the Taiwan dollar, helping the U.S. dollar stop a three-session losing streak, the dealers said.
The greenback opened at NT$32.010 and moved between NT$31.910 and NT$32.019 before the close. Turnover totaled US$553 million during the trading session.
Soon after the local foreign exchange market opened, the U.S. dollar got a boost from the Fed’s minutes, in which the members of the U.S. central bank reached consensus on a rate hike in December as Wall Street had widely anticipated, the dealers said. [FULL STORY]
