US dollar set for best week in a month

Taipei Times
Date: Dec 22, 2019
By: AFP

The New Taiwan dollar on Friday shed NT$0.020 against the US dollar to close at NT$30.210, but gained 0.4 percent from NT$30.317 a week earlier.

The greenback opened at NT$30.215 and hit a low of NT$30.131 before the close. Turnover totaled US$1.308 billion

Elsewhere on Friday, the US dollar firmed against other major currencies and was set for its best week in six weeks thanks to a stronger tone to economic data that makes a near-term cut in US interest rates unlikely.

Sterling was on firmer ground at the end of a bad week that has seen it take a beating from renewed concern over a hard Brexit.    [FULL  STORY]

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