U.S. dollar closes higher on Taipei forex market
The U.S. dollar edged up against the Taiwan dollar on Thursday, a small win for the greenback and for Taiwanese exporters who get paid in dollars.
- The dollar closed slightly higher against the Taiwan dollar after a quiet trading day.
- Trading volume was modest, suggesting no big move by investors in either direction.
- The dollar stayed in a narrow range all session, with no sharp swings.
- A stronger dollar helps Taiwan's exporters, since their overseas sales convert into more local currency.
Outlook: With no clear pressure either way, the Taiwan dollar is likely to keep drifting in a tight range near current levels.