Twn dlr / 666/ -0.15

16:52 22Apr09 RTRS-Taiwan dlr flat as exporter deals offset by outflows * Taiwan dollar ends flat in thin trade * Dealers expect currency to remain rangebound (Updates closing values) TAIPEI, April 22 (Reuters) - The Taiwan dollar closed flat on Wednesday, ending a six-session losing streak, supported by exporter deals and the U.S. dollar's fading appeal as a safe haven, but pressured by foreign fund outflows. The Taiwan dollar moved in and out positive territory for most of the session, trading for between T$34.000 and T$33.800. The Taiwan dollar closed at T$33.860, unchanged from Tuesday's finish. Volume on the main Taipei Forex Inc exchange was thin at $666 million, lower than the $753 million recorded on Tuesday. "Exporters are coming in right now because most of them see the current levels as attractive, and they're usually more active near the end of the month," said a dealer. Exporter deals were however offset by foreign fund outflows, with a net total of T$153 million worth of shares sold on Wednesday. The fading appeal of the U.S. dollar as a safe haven was further exacerbated when Taiwan stocks <.TWII> staged a turnaround to end the session slightly higher, its third straight session of gains. Dealers said they expect the Taiwan dollar to remain rangebound for the rest of the week, as many investors stayed on the sidelines waiting for a clearer direction before plunging into the market. "There probably won't be any large fluctuations this week," said another dealer. "Everyone is staying out, and if there're any large changes, there's always the central bank who'll step in." The central bank manages the Taiwan dollar in a controlled float, and sometimes steps into the foreign exchange market to pare losses it deems excessive. On the smaller Cosmos exchange, the Taiwan dollar closed at T$33.850, slightly stronger than Tuesday's close of T$33.860. (Reporting by Kelvin Soh and Argin Chang) ((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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