November 19, 2009 / 1:37 AM / 9 years ago

Taiwan c.bank says to ensure orderly forex market

 TAIPEI, Nov 19 (Reuters) - Taiwan's central bank said on
Thursday it will maintain order in the forex market if
irregularities occur.
 Central Bank Governor Perng Fai-nan made the comments when
answering legislators' questions in the parliament.
 Asked by a legislator whether the financial memorandum of
understanding signed between Taiwan and China will cause the
Taiwan dollar to strengthen past T$32 in coming sessions, Perng
said it would be unlikely.
 The deal was seen as a booster for Taiwan's financial markets
in the long term as it paved the way for wider opening of
financial markets between Taiwan and China.
 Perng's comments came after the Taiwan dollar market opened
on Thursday. The Taiwan dollar TWD=TP weakened to T$32.137 to
the U.S. dollar half an hour into trade.
 (Reporting by Lee Chyen Yee; Editing by Ken Wills)




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