By: Frances Huang
Taipei, June 10 (CNA) The U.S. dollar fell against the Taiwan dollar Wednesday, shedding NT$0.146 to close at NT$31.156 as traders seized a strong rebound on the Taiwan Stock Exchange as a reason to raise their holdings in the local currency, dealers said.
The strength of other regional currencies also placed downward pressure on the U.S. dollar in the local foreign exchange market before Taiwan’s central bank stepped in, helping the U.S. unit to recoup some of its earlier losses, the dealers said.
The greenback opened at NT$31.310 and moved between NT$30.907 and NT$31.315 before the close. Turnover totaled US$761 million during the trading session. [FULL STORY]