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Taiwan dollar on forex see-saw

Taiwan’s foreign exchange market has followed a seesaw pattern every day since the psychological barrier of T$30 per US dollar was broken last month.

If anyone wants to know the Taiwan dollar’s rate to the greenback, the answer depends largely on when the question is asked.

Thursday, for example, began with the Taiwan dollar trading at 30.24 to the US dollar. It rose to 29.18 during the day before being pulled back in the last hour of trading to close at 30.1.

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