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

Focus Taiwan
Date: 2016/11/21
By: Frances Huang

Taipei, Nov. 21 (CNA) The U.S. dollar fell against the Taiwan dollar Monday, shedding NT$0.010 to close at NT$32.000 as traders here locked in the gains they had built in the U.S. unit in recent sessions, dealers said.

The U.S. dollar losses, however, were limited by the weakness of other regional currencies, while more foreign institutional selling in the local equity market also lent some support to the U.S. currency, dealers said.

The greenback opened at the day’s high of NT$32.009 and moved to a low of NT$31.920 before rebounding. Turnover totaled US$503 million during the trading session.

Soon after the local foreign exchange market opened, the U.S. dollar faced some downward pressure as the Taiwan dollar staged a mild technical rebound from a recent slump.    [FULL  STORY]