0050 GMT [Dow Jones] USD/TWD set to open lower as traders position themselves for expected gains in local shares today; pair may test 30.200 vs 30.318 last finish. "We had offshore NDF traders sell down the pair heavily last night, and that may also add to the downward pressure," says trader at foreign bank. Further declines unlikely as some major foreign investors have been moving stock funds out of Taiwan lately. (PEL)
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(END) Dow Jones Newswires
April 01, 2008 20:50 ET (00:50 GMT) | 
