Taiwan dollar nearly flat

The Taiwan dollar closed nearly flat on Tuesday as the latest in a succession of dramatic central bank moves kept prices in a tight range after a session of aimless trade dominated by a broadly stronger US currency. Taiwan's currency ended at T$30.630 per US dollar versus Monday's close of T$30.636. It has hovered near that closing level over the past four sessions despite far stronger rates in intraday trade as the central bank seeks to limit volatility.
A fall in the euro on new sovereign debt concerns stopped the Taiwan dollar and other risky, growth-linked currencies in Asia from shooting higher on Tuesday as the euro's loss was the US currency's gain.