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NT$ ends lower on weakening Japanese yen.
(From Taiwan Economic News)
Taipei, May 14, 2003 (CENS)--The New Taiwan dollar ended slightly lower against its U.S. counterpart yesterday in line with a weak Japanese yen, dealers said. The N.T. dollar closed at NT$34.721, compared with NT$34.715 in the previous session. Total turnover at the Taipei Foreign Exchange Center amounted to US$436 million, up from Monday's US$238 million. The local unit fluctuated between NT$34.651 and NT$34.750 during the session
Dealers said that a weakness in the yen after robust gains in the previous session against the U.S. currency weighed down the local unit. However, inflows of foreign equity funds helped offset early …
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