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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 dlr moves in tight range after stocks fall Reuters - Tuesday, April 14 * Taiwan dollar rangebound after local stocks weaken ADVERTISEMENT * Taiwan dollar seen in T$33.6-T$33.7 range on Tuesday TAIPEI, April 14 - The Taiwan dollar struggled in a tight range on Tuesday after reaching a one-week closing high, as the local stock market weakened amid caution over corporate quarterly results from Taiwan and the United States. The Taiwan dollar <TWD=TP> opened at T$33.697, unchanged from Monday's close. Around half an hour into trade, the local dollar edged up slightly to T$33.670. Volume on the main Taipei Forex Inc exchange was thin at $73 million. "Taiwan stocks are pulling back after recent gains and the future direction of the Taiwan dollar still depends on the movement of the stock market," said one dealer at a local bank in Taipei. Taiwan stocks <.TWII> fell 0.4 percent at 0133 GMT, retreating from a near 7-month closing high. Dealers said trading on the currency market also turned cautious after strong intervention by Taiwan's central bank last week. They said the Taiwan dollar could trade between T$33.600-T$33.700 for the rest of the session. The central bank keeps the Taiwan dollar in a managed float, and sometimes intervenes in the foreign exchange market to temper any fluctuations it deems excessive. On the smaller Cosmos <COSMOS1> exchange, the Taiwan dollar stood at T$33.660, compared to Monday's close of T$33.685. (Reporting by Yvette Chen and Baker Li; Editing by Jacqueline Wong) Email Story IM Story Printable View Blog This Recommend this article 0 users recommend Sign in to recommend this article » Most Recommended Stories » Related Articles: Business UBS to cut 240 jobs in Asia-Pacific as regions slowReuters - 1 hour 15 minutes ago Australia's Telstra open to break up-reportReuters - 1 hour 27 minutes ago BRIEF - MMK board recommends no dividend for FY 2008Reuters - 1 hour 33 minutes ago JGB futures trim losses after solid 30-yr auctionReuters - 1 hour 35 minutes ago Pakistan's Jahangir Siddiqui eyes RBS Pakistan unitReuters - 1 hour 39 minutes ago Most Popular – Business Viewed Police nab Norwegian pair during high-speed sex US govt tells GM to prepare for bankruptcy filing Harry Potter actor arrested over cannabis find Mummies found in ancient Egypt burial chamber Swedish church unveils Lego Jesus statue for Easter 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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