Forex News USD/TWD rises to 30.373 vs 30.363 last close as suspected buying by central bank, oil importers, short covering by NDF players dominate FX market, says local bank trader. Adds pair likely to continue rising rest of session with resistance tipped at 30.400; "the pair is likely to rise further today because Taiex seems to be extending losses"; Taiex last down 1.1%. Still, trading volume thin as players unsure if they should chase pair higher, on concerns central bank may intervene to prevent TWD from falling too much.
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