Taiwan dollar rises as data may show orders gained

Export orders, an indication of shipments in the next one to three months, grew 4 percent in October, compared with a drop of 3 percent the previous month, according to a Bloomberg News survey before the Ministry of Economic Affairs releases the data. Taiwan's economy may return to growth in the October- December period after shrinking for five quarters, the statistics bureau said in August.

“The market reckons the Taiwan dollar should be on the appreciation trend,” said Tommy Huang, a fixed-income securities trader at Taiwan International Securities Corp. in Taipei.

The local dollar climbed 0.2 percent to NT$32.293 against its U.S. counterpart as of 12 p.m. local time, from NT$32.350 Nov. 20, according to Taipei Forex Inc.

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