Taiwan Dollar Off 9-day High Against Greenback
05 Octubre 2011 - 12:20AM
RTTF2
The Taiwan dollar that advanced to a 9-day high of 30.29 against
its US counterpart in early Wednesday Asian deals reversed
direction in the latter part of the session. The domestic unit is
presently trading at 30.62 versus the US dollar, down by more than
1 percent. If the Taiwan dollar strengthens further, it may find
target around the 30.04 level, the 20-day SMA for the USD/TWD
pair.
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