The Taiwan dollar rose for a fifth straight session on Wednesday, hitting a five-week high on foreign fund inflows and weakness in the US dollar globally. The Taiwan dollar hit an intraday high at T$32.657 early in the session, its highest since August 6, but gave up much of its gains to close at T$32.745.
"Investors believe that the pull-back in the local equities market is just temporary, and that didn't stop them from buying into Taiwan stocks," said a dealer in Taipei.