0215 GMT [Dow Jones] The USD/TWD is little-changed as the local central bank is suspected of buying around at 30.100 to keep the pair in its target band, traders say. The pair is at 30.123, little changed from 30.120 traded before the central bank's suspected intervention Thursday, which lifted it to 30.178 at the close of onshore trading session, traders say. "I had expected the USD/TWD to fall to 30.080 at the open...but the central bank seemed determined to defend the 30.100 support level," a trader says, and notes selling pressure from foreign investor and exporters are heavy. The second trader adds most bids are from the central bank so far this morning. They tip the pair to trade between 30.100 and 30.150 for the session. The Taiex is up 0.3%. (fanny.liu@wsj.com)
(END) Dow Jones Newswires
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May 22, 2014 22:15 ET (02:15 GMT)
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