The Taiwan dollar strengthened against the US dollar on Thursday on foreign fund inflows after advances in local stocks and exporters' deals. "Foreign investors remained net buyers of Taiwan's stocks, lending support to the local currency," said a dealer in Taipei.
Foreign institutions had bought a net of T$6.072 billion ($185 million) in Taiwan stocks, which closed up 0.92 percent at a more than one-month high on Thursday. Foreign institutions were buyers for seven straight sessions. The volume was thin as traders worried that the island's central bank would intervene to cap the local dollar's appreciation to help exports, which have been falling for 11 straight months.