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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Taiwan dollar off 3-week high on c.bank moves Reuters - Friday, July 3 TAIPEI, July 2 - The Taiwan dollar dropped sharply on Thursday after hitting a 3-week high earlier in the session as the island's central bank bought U.S. dollars actively to keep the local currency weak to help exporters, dealers said. ADVERTISEMENT The Taiwan dollar <TWD=TP> fell to as low as T$33.000 minutes before the close, from the previous finish of T$32.785. Earlier in the session, it reached an intraday high of T$32.670, the highest level since June 11. "The central bank has been aggressively buying U.S. dollars throughout the entire session. Foreign institutions also followed suit," a dealer said in Taipei. (Reporting by Lee Chyen Yee and Argin Chang; Editing by Chris Lewis) Email Story IM Story Printable View Blog This Sign in to recommend this article » 0 users recommend Related Articles: Business Indian shares seen up, data eyed ahead of budgetReuters - Thursday, July 2 JGB futures trim losses after 10-year auctionReuters - Thursday, July 2 Indian rupee drops on dollar's gains, choppy sharesReuters - Friday, July 3 CORRECTED - CORRECTED-UPDATE 2-China crude oil stock at record in May, gainsReuters - Thursday, July 2 Pakistani c.bank sells 38.7 bln rupees of T-billsReuters - Thursday, July 2 Most Popular – Business Viewed Jackson Neverland funeral ruled out as will surfaces The daily grind: Sex for a week boosts sperm quality Schwarzenegger declares emergency in California Hundreds say final farewell to Farrah Fawcett Questions mount over Jackson animal kingdom View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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