The Taiwan dollar firmed for a third session on Friday to a seven-day closing high, tracking stocks and global US dollar weakness ahead of jobs data, but the central bank moved to curb gains, dealers said. The final price of T$32.509 was the currency's strongest close since October 28.
"The US dollar has gone lower as the market was cautious about tonight's (US jobless) figure," a dealer in Taipei said. The greenback has fallen this week after the Federal Reserve kept interest rates at record lows and signalled they were likely to stay there for some time to come. Investors stayed on the sidelines ahead of US jobless data, which if positive would signal broad economic improvement and raise the appeal of higher risk currencies such as the T$.