The Taiwan dollar ended flat on Monday as demand for US dollars from oil refiners erased earlier gains that had been spurred by a record US trade deficit.
The Taiwan dollar ended at T$34.195 against the US dollar, close to Friday's close of T$34.192. The unit had touched a two-week high of T$33.990 in early trade on suspected inflows of foreign funds into the stock market.
Turnover slipped to US $361 million from US $592 million.
The Taiwan dollar was supported early in the day by Friday's announcement that the US trade deficit had widened to $55.8 billion in June, exceeding market forecasts of a $47.0 billion gap.