Spiga

USD/TWD Tad Higher; CB Suspected Buying, Selling

Forex News: USD/TWD tad higher at 30.394 vs 30.391 midday, 30.390 last close, as foreign funds outflows on weak Taiwan shares (Taiex down 1.8%) offset selling by exporters, says local bank trader. Central bank suspected of buying, selling USD around 30.400 to keep pair stable, protect exporters, some insurance firms holding USD. Adds investors reluctant to enter market on lack of fresh leads. "Everyone is looking forward to some news to stimulate the foreign exchange market, but nobody can find it," tips pair in tight 30.380-30.400 band for rest of session




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