Forex News USD/TWD ends at 2-week high of 30.418 vs 30.394 last close on buying by foreign banks, following short-covering by NDF players amid strong USD, also on demand from oil importers. Despite volume up slightly, "the trading range is still very narrow as investors remain cautious because the pair has been pegged in current level for some time," says local bank trader, noting although USD stronger against major currencies, pair's upside limited as exporters accelerate selling USD near month end. Tips pair to consolidate in 30.380-30.450 next session.
0 comments:
Post a Comment