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U.S. dollar closes lower on Taipei forex

U.S. dollar closes lower on Taipei forex

The U.S. dollar fell against the Taiwan dollar Monday, shedding NT$0.032 to close at NT$33.085 and stopping the greenback's rising tendency in the previous two consecutive sessions, as there was a good showing in the local stock market and the South Korean won rose against the dollar that day.

The trading volume was low in markets in Europe and North America with the approach of the Christmas holidays, which will see markets there closed, dealers said.

Thanks to the won's rise against the dollar, the Taiwan dollar moved as high as NT$32.805, rising more than NT$0.300 during the session, until Taiwan's central bank intervened, so that it closed at NT$33.085, the dealers said.

The greenback opened at NT$32.900 and moved between NT$32.805 and NT$33.085 before the close. Turnover totaled US$766 million during the trading session. (By Tsai Yi-chu and Kuo Chung-han)

Updated : 2021-09-16 17:53 GMT+08:00