The Taiwan dollar hit a near three-month high on Friday as the US currency fell globally after jobless claims in the world No 1 economy raised concerns that payroll data could signal a faltering recovery. The local currency ended 0.1 percent higher against the US dollar at T$31.819, with the latter stuck at a 3-1/2 month low in global trading.
The Taiwan dollar's close was its strongest since May 13, although kept in check by suspected Taiwan central bank selling to control market volatility. Investor caution ahead of US payroll data due later on Friday kept forex trading light in Taiwan, an export-led economy that looks to employment in the United States as an indicator of consumer spending.