Forex News - Taiwan dlr near 1-month high as US currency slips - Reuters India(Forex Trading)

TAIPEI, May 22 (Reuters) - The Taiwan dollar closed near a one-month high on Thursday due to global weakness of the U. Dealers said there were also foreign fund inflows as the market expected Taiwan's interest rates to continue to rise to head off the threat of inflation in Taiwan. Taiwan's cabinet indicated on Thursday that it would raise domestic oil and utility prices in the next month or so to save state-owned firms from losses after crude prices hit a record $135 a barrel. Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. read more

Technorati Tags: news, reuters, business, forex, market, prices, forex news