The USD/TWD is likely to fall a tad from 28.962 in late Asia trade Thursday on expected outflows spurred by a volatile local stock market, says a local trader; he tips the pair to hover in a 28.880-28.970 range. Exporter selling will likely cap the pair around 28.950 unless the central bank intervenes to pull the pair up. Outflows will likely continue given the uncertainty in the global economy. Taiwan shares on Thursday end down 0.7%; foreign investors were net sellers of NT$11.32 billion worth of shares.
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