twn dlr 0421 / 33.86 / 753/ -6.2

16:30 21Apr09 RTRS-Taiwan dlr at near 2-wk closing low on fund outflows * Taiwan dollar down for 6th straight session on outflows * Exporter deals support local currency * Global strength of U.S. dollar pressures Taiwan dollar (Updates closing values) TAIPEI, April 21 (Reuters) - The Taiwan dollar fell for a sixth straight session on Tuesday to a near 2-week closing low, pressured by foreign fund outflows and the global strength of the U.S. dollar, but exporter deals provided some support. The Taiwan dollar fell to an intraday low of T$34.000 moments after the opening, but pared some of those losses to close the session at T$33.860, its weakest close since April 8. It was also weaker than Monday's close of T$33.830. Volume on the main Taipei Forex Inc exchange was thin at $753 million, lower than Monday's $798 million, but off the billion dollar mark typically seen on most trading days. "Foreign funds were net sellers of Taiwan stocks today, so there were some outflows there," said a trader in Taipei. "However, exporters are finding the current low levels very attractive, so that's giving it some support." Foreign funds sold a net T$6.17 billion ($180 million) in Taiwan stocks on Tuesday Weakness in regional currencies and the global strength of the U.S. dollar also led the Taiwan dollar. The local currency, which usually tracks trends in Taiwan stocks, defied the local equities market's <.TWII> 1.73 percent advance on Tuesday. "One of the main reasons for the Taiwan dollar's fall in the past few days has been because of the greenback's global strength," said another dealer. "People are wondering if the current rally in the stock market is sustainable, and the fear is growing, so we're seeing more investors beginning to park their money in U.S. dollars." On the smaller Cosmos exchange , the Taiwan dollar closed at T$33.860, weaker than the previous day's close of T$33.825. (Reporting by Kelvin Soh and Jeanny Kao, Editing by Jacqueline Wong) ((kelvin.soh@thomsonreuters.com; +886 2 2508 0815; Reuters Messaging: kelvin.soh.reuters.com@reuters.com)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)) Keywords: MARKETS TAIWAN CURRENCY/
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