dlr

17:06 10Nov09 RTRS-Taiwan dlr at 3-wk high on inflows, exporters * T$ rises for 5th session on fund inflows, stocks * Low U.S. rates dent the greenback's safe-haven appeal * Central bank sells US$ to curb gains, dealers say (Updates to close) TAIPEI, Nov 10 (Reuters) - The Taiwan dollar rose for a fifth straight session to a three-week closing high on Tuesday due to foreign fund inflows, exporter deals and low greenback demand amid expectations that U.S. interest rates will stay low. The Taiwan dollar rose to T$32.277 in the morning but gave up some gains to end at T$32.349, the strongest close since Oct. 20. "The Taiwan dollar got a lift as the U.S. dollar weakens globally on low interest rates, with fund inflows in local equities and exporters deals adding further support," said a dealer in Taipei. On Tuesday, foreign institutions bought a net T$8.8 billion ($272 million) in Taiwan stocks <.TWII>, which rose 0.75 percent. Exporters also helped push the local currency higher as they actively bid for the Taiwan dollar between T$32.330 and T$32.360 for cash requirements at home, said dealers. In global markets, the U.S. dollar hovered near a 15-month low against a basket of currencies as expectations that U.S. interest rates are likely to stay near zero dampened appeal for the safe-haven greenback. [ID:nT292235] But the Taiwan dollar's strength was capped by the island central bank's purchases of the U.S. currency, dealers said. The monetary authority keeps the local currency in a controlled float and steps in to taper gains it considers excessive. 0800 GMT PREVIOUS SESSION T$ (Taipei Forex Inc) 32.349 32.365 Volume in $ mln (Taipei Forex Inc) 889 888 (Cosmos) 32.342 32.342 Six-month NDFs -0.740/-0.700 -0.850/-0.800 Note: Taipei Forex Inc is Taiwan's main forex exchange; Cosmos is a smaller exchange. Both exchanges end trading at 0800 GMT Source: NDFs quotations from Prebon Asia For more foreign exchange news, please click [nTOPFRX] (Reporting by Joan Hsu and Alice Chen; editing by Ken Wills) ((gina.chang@thomsonreuters.com; +886 2 2508-0815; Reuters Messaging: gina.chang.reuters.com@reuters.net)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)) Keywords: MARKETS TAIWAN CURRENCY/
For Related News, Double Click on one of these codes:[M] [T] [E] [Z] [MF] [D] [PSC] [RNP] [DNP] [PTD] [PMF] [TW] [ASIA] [FRX] [EMRG] [LEN] [RTRS] [TWD/] [TWD=TP] For Relevant Price Information, Double Click on one of these codes: Tuesday, 10 November 2009 17:06:23RTRS [nTP293100] {EN}ENDS