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NT$ ends down on suspected central bank intervention.
(From Taiwan Economic News)
Taipei, June 19, 2003 (CENS)--The New Taiwan dollar ended lower against its U.S. counterpart yesterday amid suspected intervention by the Central Bank of China, dealers said. The local unit closed at NT$34.545, down from Tuesday's NT$34.522, which was a six-month high. Total turnover at the Taipei Foreign Exchange rose to US$628.5 million from US$590.5 million in the previous session. The local unit hit an intraday high of NT$34.470 in the early session as traders attempted to push the local currency below the NT$34.50 level before losing its momentum. Continued inflows of foreign funds for stock investments also helped lift the NT$ in the …
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