">Forum Views ()
">Forum Replies ()
Read more with google mobile :
Taiwan dollar up on stocks amid slow trade
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 up on stocks amid slow trade
Reuters - Monday, April 13
* Taiwan stocks, up on semiconductors, boost currency
ADVERTISEMENT
* Trade light as overseas markets observe Easter holiday
* Rate seen between $33.75 and T$33.82 on Monday
TAIPEI, April 10 - The Taiwan dollar rose on Monday in light trade, as overseas markets were closed for the Easter holidays, supported by gains in local stocks that are expected to help the currency for the next month.
The Taiwan dollar <TWD=TP> stood at T$33.754 to the U.S. dollar after an hour of trade, compared with the previous close of T$33.795.
Trading volume on the main Taipei Forex Inc exchange was a thin $48 million after an hour of trade. Many major world markets were closed on Friday, and Hong Kong markets remained closed on Monday.
"The big factor today is stocks, which will keep rising until the first anniversary of Ma Ying-jeou's inauguration," said a dealer in Taipei.
Ma, who pledged to revitalise Taiwan's economy by cultivating ties with political rival China, took office on May 20, 2008.
"Taiwan people look at him favourably, so they're coming back to invest in the markets," the dealer said.
Taiwan stocks <.TWII> were up 1.01 percent in early trade.
If China announces upbeat Q1 GDP growth news this month, that would also push up the Taiwan dollar as the island's economy becomes more interwoven with China's, the dealer said.
Trade was expected between T$33.75 and T$33.82 on Monday, another dealer in Taipei said.
Six-month NDFs were quoted at -0.460/-0.400, compared with -0.440/-0.390 the previous session, indicating investors expect the Taiwan dollar to strengthen by a higher degree in half a year.
But the currency could dip as low as T$34 later in the week if the central bank intervenes again, dealers said.
The central bank, which keeps the Taiwan dollar in a managed float, has been buying U.S. dollars in the market actively over the past few months to ensure the local currency trends lower to help the island's exporters that are reeling from a global downturn.
On the smaller Cosmos exchange <COSMOS1>, the Taiwan dollar was trading at T$33.730 to the U.S. dollar from the previous close of T$33.785.
(Reporting by Ralph Jennings and Yvette Chen; Editing by Ken Wills)
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
India ICICI Bank to sell 7.5 bln rupee bond issueReuters - 1 hour 25 minutes ago
FOREX-Dollar edges up vs yen, US bank earnings next focusReuters - 1 hour 27 minutes ago
India's L&T out of race for Satyam-TVReuters - 1 hour 28 minutes ago
Japan to scrap tariff on S.Korea's Hynix chipsReuters - 1 hour 32 minutes ago
Nikkei falls as defensives weigh, US earnings eyedReuters - 1 hour 34 minutes ago
Most Popular – Business
Viewed
Mummies found in ancient Egypt burial chamber
Harry Potter actor arrested over cannabis find
Pirate hostage siege, Italian tug grabbed
Bad mood, better recall, researchers find
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
Other News on Monday, 13 April 2009 Cuba readies for possible influx of U.S. tourists
| International
|
Hannah Montana rocks North American box office
| Entertainment
|
Thai army cracks down on anti-government protesters
| International
|
Sudan kidnappers threaten to kill aid workers
U.S. Navy rescues captain and kills Somali pirates
| International
|
Iraq's embattled Christians celebrate Easter
On jumpy Lebanon-Israel frontier, a quiet drug war
Afghan villagers say air strike kills civilians
| International
|
Russia's Lukoil to send team to Iraq for talks
China sets human rights agenda for sensitive year
| International
|
Iraqi lawmakers decry move against cartoonist
US govt tells GM to prepare for bankruptcy filing
Soldiers get a taste of Afghanistan in US training
British Telecom to slash 10,000 jobs: report
Maoists shut down mine in eastern India, 14 dead
| International
|
Switzerland 'to hit back' at OECD in tax row
Indonesia president's party may extend Golkar tieup
| International
|
Swedish church unveils Lego Jesus statue for Easter
Bolivia's Morales to keep up hunger strike protest
| International
|
US Al-Qaeda member urges support for jihadists
Bodies of US troops killed in Iraq arrive home
US weighing where to charge captured Somali pirate
US general Odierno: Iraq violence low
US-TECH Summary
US military deaths in Iraq war at 4,272
South Africa's campaigns embrace technology
Obama twice approved force to rescue hostage
EBay buys Korean rival's stake for $413 million: report
| Technology
|
Commander: Pirates' deaths could escalate violence
Officer: Split-second decision to fire on pirates
British PM faces tough questions over 'smeargate'
Florence Cassez's lawyer ready to go before ICC
11 police, 4 rebels killed after Indian mine siege
Fiji's media dark under political news blackout
Dragonball Evolution a backward step
| Entertainment
|
Thai army cracks down on protesters
Star Wars: Musical Journey out of this world
| Entertainment
|
Japan whaling fleet returns to port after clashes
NBC sees some hope with Thursday premieres
| Entertainment
|
China sets human rights agenda for sensitive year
Bitter pill: Showtime passes on Tim Robbins drama
| Entertainment
|
Gunfire heard, water cannons fired in Bangkok
TNT cancels ad-agency drama Trust Me
| Entertainment
|
Taiwan working with China on WHA status
Grisly sights at Sydney's Museum of Human Disease
Seoul shares end up helped by autos, shupbuilders
Heavy fog delays China helicopter rescue
NBC sees some hope with Thursday premieres
S.Korean won ends up 0.3 pct on EBay news
Sri Lanka suspends offensive for 2 days
Bids are in for India's troubled Satyam
China eyes new stimulus to boost spending
China to allow banks to start insurance units
China: industrial output up 8.3 percent in March
Japan wholesale prices log fastest drop since 2002
US charities take double blow as economy slows
Taiwan dollar up on stocks amid slow trade
US-ENTERTAINMENT Summary
S.Korea banks' loan delinquency ratio falls in Mar
"Dragonball Evolution" a backward step
China holds up Lucite takeover: Mitsubishi Rayon
Richard Price, T.C. Boyle elected to arts academy
Amazon 'glitch' removes sales rank from gay books
British adventurer abandons Antarctic rowing bid
NBC sees some hope with Thursday premieres
Bitter pill: Showtime passes on Tim Robbins drama
TNT cancels ad-agency drama "Trust Me"
'Hannah Montana' teenybops to top of box office
Four Lebanese soldiers killed
Gaza boat explodes in apparent attack, no injuries
Iran says it's open to nuclear dialogue with powers
| International
|
Pakistani Taliban begin imposing rule in new area
| International
|
Iran says it welcomes nuclear talks with West
Police nab Norwegian pair during high-speed sex
Georgia protesters intensify push to oust president
| International
|
Turkey detains 18 over links to government plot case
| International
|
Vague Russia pledge on no S-300 to Iran: Israelis
| International
|
Sudan's Bashir hails Obama's overture to Islamic world
| International
|
India digs for votes with job plan: Will it work?
| International
|
Iran tells EU official ready for nuclear talks
US sergeant pleads not guilty to murder in Iraq
Microsoft, Discovery in online advertising deal
| Technology
|
Sri Lanka suspends offensive for 2 days
Caine says career will fade away like old soldier
| Entertainment
|
Sri Lanka strips Norway of peace role
Hannah Montana rocks box office
| Entertainment
|
Japan supports US goal to eliminate nuclear arms
Thai soldiers spray gunfire, tear gas at protest
Norway no longer Sri Lankan peace mediator
Kazakh deputy defense minister arrested
Japan deports Filipinos in immigration row, daughter stays
China's economy shows signs of recovery
No conditions on US aid
Thai turmoil to slam already reeling economy
China pledges to improve human rights
India outsourcing firm buys stake in Satyam
'Deep concern' after Fiji throws out journalists
SE Asian cities 'facing hotel room glut'
Habib, MCB eyeing RBS Pakistan unit
Asian markets up as dealers remain confident
18-month sentence sought for SKorean blogger
Kazakhs, China in talks over stake in oil producer
Final auction of scandal-hit dairy's assets fails
Japan ends import duties on Hynix memory chips
Caine says career will fade away like old soldier
"Hannah Montana" rocks box office
Hannah Montana tops box office with $34 million
Concert pays tribute to Marian Anderson
Low-caste Indians hold high cards in election
Indonesia imposes new law on airliners
Indonesia president's party eyes pact with Golkar
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights