Published at 06:52 (GMT) 10 Mar

USDTWD

Prices slipped past the 31.750-mark into afternoon trades as most regional pairings trekked lower on the positive China trade data. USD/TWD was seen pressured to 31.729 lows so far and Taiex closed modestly higher at 0.11%. Expect inflows to continue capping upsides though intervention threat is seen below - could see the central bank coming in to prop up prices just before closing. Meanwhile, some focus on this: a bank official said that the central bank has been using open-market operations to drain excess cash from the nation's financial system to keep asset prices in check. The central bank official said that adjusting interest rates has a more far-reaching impact and may not be an appropriate tool to target certain issues. We do not expect Taiwan to join the tightening bandwagon come the end of this month during its quarterly meet though. JA