The Taiwan dollar rose on Friday as exporters took advantage of the weak currency to meet cash needs at home, but trade was thin as many investors stayed away ahead of a holiday in the United States. The Taiwan dollar opened at an intraday low of T$33.095, a transaction some dealers attributed to central bank intervention, but quickly crawled back to trade higher for most of the session.
"Foreign funds were largely absent today, which is why we saw such thin volumes," said a dealer in Taipei. "Only those who needed cash were in the market, and exporters happened to outnumber everyone else."
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