Saturday, July 9, 2011

Taiwan Dollar Hits Highest Since 1997

By Aries Poon

The Taiwan dollar rose to the highest since October 1997, driven by foreign inflows, Market Talk reported.

It reached 29.905 per dollar, versus 30.600 from late yesterday. A trader from a state-owned bank said the local currency will likely find its footing at 29.900 today, although 29.800 appears a more realistic support from now through to the year end.

This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read our FAQ page at
Five Filters featured site: So, Why is Wikileaks a Good Thing Again?.

View the original article here

No comments:

Post a Comment