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

Taiwan News
Date: 2016-06-04
By: Frances Huang, Central News Agency

Taipei, June 4 (CNA) The U.S. dollar fell against the Taiwan dollar Saturday, shedding NT$0.099 to close at NT$32.506 after poor job data from the United States reduced market expectations that the U.S. Federal Reserve will raise key interest rates in June, dealers said.

While the U.S. dollar fell to its lowest level since May 9, when the currency closed at NT$32.417 against the Taiwan dollar, turnover in the local exchange market was low, as many foreign traders were away for the weekend, the dealers said.

The local foreign exchange market was the only market in the world open Saturday, a make-up day due to the Dragon Boat Festival next week.     [FULL  STORY]

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