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

Focus Taiwan
Date: 2017/09/15
By: Chiu Po-sheng and Frances Huang

Taipei, Sept. 15 (CNA) The U.S. dollar fell against the Taiwan dollar Friday, shedding NT$0.031 to close at NT$30.075 as renewed geopolitical tension failed to prompt traders to park more of their funds in greenback-denominated assets as a safe haven, dealers said.

A decision by the People’s Bank of China (PBOC) to raise the Chinese yuan’s reference rate against the U.S. dollar gave support to the Taiwan dollar, while foreign institutional selling in local equities helped the U.S. dollar fend off some downward pressure by the end of the session, the dealers said.

The greenback opened at the day’s high of NT$30.130 and moved to a low of NT$30.034 before rebounding. Turnover totaled US$771 million during the trading session.    [FULL  STORY]

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