Spiga

USD/TWD rises to 30.412 midday

Forex News USD/TWD rises to 30.412 midday vs 30.394 last close on buying by importers, NDF players amid stronger USD as oil prices fall, says foreign bank trader. However, "as concerns over oil prices and U.S. credit crisis remain, the rise is not considered sustainable," she says, expects pair to rise in near-term if USD keeps gathering upward momentum. Tips pair in 30.390-30.420 band in afternoon.



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