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USD/TWD Rises More; May Cap At 30.40

Forex News USD/TWD extends gains to 30.380 vs 30.373 midday, 30.363 last close in thin volume on modest foreign funds outflows on weak Taiwan shares (end down 0.3%), buying by oil importers, says foreign bank trader, tipping pair to trade range-bound in tight 30.370-30.400 band. Notes central bank suspected of having bought and sold in 30.350-30.390 band to stabilize FX market, which discouraged trade.




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