2009.08.2001:18:00UTC+00Taiwan Dollar Strengthens Against Greenback

In early Asian trading on Thursday, the Taiwan dollar rose to 32.9645 against the US currency. This may be compared to Wednesday's close of 33.0070. On the upside, 32.919 is seen as the next target level for the Taiwan currency.

Today, Taiwan is scheduled to release gross domestic product and current account data for the second quarter of 2009.

GDP is expected to contract 7.8 percent on year following the 10.24 percent annual decline in the previous three months. Current account is expected to show a surplus of $9.35 billion following the $12.991 billion surplus in the first quarter.

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