USD/TWD Higher ;30.130 Cap Eyed by Traders

        0312 GMT [Dow Jones] The USD/TWD rebounds from an over-two-week low, lifted by foreign fund outflows, say two local traders. The pair is at 30.127, after hitting its intraday low 30.085 at open, higher than 30.095 traded before the local central bank's suspected intervention Monday, which lifted it to 30.171 at the close of onshore trading session, traders say. "There were signs of foreign fund outflows...we will watch if foreign investors remain net buyers of local stocks on Tuesday," a trader says. Foreign investors' net buying fell to NT$4.0 million Monday from NT$9.31 billion Friday. The second trader adds that the central bank is unlikely to allow the USD/TWD to fall below 30.100, and tips the pair to trade in a narrow 30.100-30.130 band for the session. (fanny.liu@wsj.com)
        (END) Dow Jones Newswires

        May 05, 2014 23:12 ET (03:12 GMT)