U.S. dollar up sharply, tops NT$32.4 on fund outflowsTaipei, Aug. 3 (CNA) The U.S. dollar rose sharply against the Taiwan dollar Monday to climb past NT$32.4 due to large fund outflows, dealers said. The greenback rose NT$0.146 against the Taiwan dollar to close at NT$32.438 after reaching an intraday high of NT$32.490. Dealers said the U.S. dollar initially weakened against the Taiwan dollar as the U.S. dollar index, which tracks the U.S. dollar against the currencies of six major trading partners, declined. They added that Taiwan's central bank stepped in the late trading session to smooth volatility in the Taiwan dollar. While the United States and Japan confirmed their joint efforts to boost the Japanese yen by weakening the U.S. dollar, the Taiwan dollar still remained weak Monday, dealers said.