The U.S. dollar edged higher against Taiwan's currency in early Monday trading, a small move that slightly favors exporters and hurts importers.

• The dollar traded a touch stronger against the Taiwan dollar at the morning open on the Taipei foreign exchange.
• A stronger dollar makes Taiwanese goods cheaper abroad, which helps the island's exporters.
• It also makes imported goods and overseas travel more expensive for people in Taiwan.
• Taiwan's stock market opened higher the same morning, pointing to a steady mood among investors.

Outlook: The currency looks likely to keep drifting in a narrow range unless bigger moves in U.S. interest rates shake it loose.