Taiwan dlr rises sharply after Dubai troubles ease

TAIPEI | Mon Nov 30, 2009 3:04am EST

TAIPEI Nov 30 (Reuters) - The Taiwan dollar TWD=TP strengthened sharply on Monday, up from a one-week closing low, on gains in local stocks and global weakness in the safe haven U.S. dollar following a break in the Dubai debt crunch.

Minutes before the closing bell, the Taiwan dollar rose by more than T$0.2 to T$32.101 against the U.S. dollar. The Taiwan dollar closed at T$32.345 on Friday. (Reporting by Joan Hsu; Editing by Ken Wills) ((gina.chang@thomsonreuters.com; +886 2 2508-0815; Reuters Messaging: gina.chang.reuters.com@reuters.net)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com))
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