Taiwan dollar ends higher , narrow trade seen .
TAIPEI 1996-08-29
The Taiwan dollar closed slightly firmer on Thursday amid tight Taiwan dollar liquidity in the banking system , and dealers said the rate was likely to move narrowly in the near term .
The Taiwan dollar fell in early trade on month-end U.S. dollar demand , but the downtrend was later reversed as Taiwan dollar liquidity tightened . "
Banks do not want to hold big U.S. dollar positions at this moment , " said one dealer , adding that the rate was likely to hover around current levels .
The rate closed at T$ 27.482 against Wednesday 's T$ 27.495 .
Turnover was US$ 275 million .
-- Joyce Liu ( 2-5080815 )