2012.06.08 10:33:24 MARKET TALK: USD/TWD Higher; 30.000 Resistance Tipped Monday

0833 GMT [Dow Jones] The USD/TWD rises as risk aversion continues to lift the greenback against most Asian currencies amid the lingering euro-zone debt crisis, says two traders; they attribute outflows as the main driver behind the pair's rise. The pair is at 29.976 vs 29.906 late Thursday and is tipped to move in a 29.900-30.000 band Monday. "The market was relatively quiet today with exporters mostly staying by the sidelines. The pair could rise further to around 30.000 near-term unless EU leaders find an adequate solution soon," says one trader. Foreign investors are net sellers of NT$7.72 billion worth of local shares; the Taiex ends down 1.1%. (jenny.hsu@dowjones.com) Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com (END) Dow Jones Newswires June 08, 2012 04:33 ET (08:33 GMT)