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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 flat ahead of exports data Reuters - Monday, March 9 * Taiwan dollar unchanged ahead of trade data ADVERTISEMENT * Falling stocks pressure the Taiwan dollar TAIPEI, March 9 - The Taiwan dollar pulled back from a two-week high to trade flat on Monday as weak corporate results weighed on the stock market, while investors were waiting for export data due later in the day. The Taiwan dollar <TWD=TP> remained largely flat at T$34.779 to the U.S. dollar by 0236 GMT, barely changed from Friday's close of T$34.780. Earlier in the day, the Taiwan dollar hit an intraday high of T$34.627 high, the strongest level since Feb. 23. Volume on the main Taipei Forex Inc exchange was thin at $130 million after an hour and 30 minutes of trade, lower than Friday's $180 million. "There is no clear flow in the Taiwan dollar today with some people waiting to see how badly exports fell last month," said a dealer in Taipei. "The weak stock market isn't helping things either." A Reuters poll showed that exports in February are likely to fall 25 percent from the year before, further pushing the island's economy deeper into recession. [ID:nSP412064] Dealers said they expect the Taiwan dollar to remain largely flat for the rest of the session, as investors stay on the sidelines in anticipation of a clearer direction. "This morning's jump was probably left over enthusiasm from last week," said another dealer. "Things should remain flat for most of the session and I don't see how things can change dramatically today." Some dealers said the Taiwan dollar was also taking a breather after it firmed sharply late last week after China's comments on its economy and warming ties with the island boosted market sentiment. On the smaller Cosmos exchange <COSMOS1>, the Taiwan dollar was trading for T$34.780, compared to Friday's close of T$34.749. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Business US-BUSINESS SummaryReuters - 33 minutes ago S.Korea's Kookmin Bank to raise $193 mln in new shrsReuters - 36 minutes ago China stocks drop 3.4 pct before economic dataReuters - 39 minutes ago Taiwan UMC's Feb sales fall 57 pct from year agoReuters - 51 minutes ago FOREX-Dollar edges up vs euro but market lacks appetiteReuters - 56 minutes ago Most Popular – Business Viewed Russian media teases Clinton over 'reset' button Business groups slam German nationalisation bill Bleak jobs report dampens hopes for US recovery 651,000 jobs lost as US hits 25-year jobless high Zimbabwe PM hurt, wife killed in car crash: party 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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