Published at 03:22 (GMT) 02 Dec

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USD/TWD consolidating close to the lows as the sluggish dollar and support in stocks continues to keep pressure to the downside. Expect prices to remain above the 32.10 handle on intervention risks and continue to target 32.08-32.28 for now as scope for short dollar covering still seen given lingering risk aversion. USD/TWD last seen at 32.14. In news, Primus and China Strategic Holdings said it intends to resubmit its application to Taiwan regulator next week for AIG's Nan Shan Life, adding it expected approval within 3-6 months. Looking ahead, the consortium said it expects to expand the Nan Shan business into mainland china under the new Taiwan-China financial MOU. CR