Caution dominated market sentiment ahead of the release of first-quarter GDP data due later in Washington for more clues about the US economy, the dealers said. The greenback opened at the day’s low of NT$30.060 and gained momentum into the end of the session. The reluctance showed concerns over possible negative leads on the US dollar during the holiday, so many traders acted very cautiously, the dealers said. The US dollar was slightly higher against a basket of peers, while the euro reversed modest gains earlier in the day. The yen hit a three-day high, up 0.8 percent to ￥110.88.

Source: Taipei Times May 27, 2017 16:04 UTC