TAIPEI, June 18 (Reuters) - The Taiwan dollar rose on Friday to a three-week closing high on renewed risk appetite. Asian assets were buoyed by the positive response to Spanish bond auctions in a sign of easing debt concerns in the euro zone. The Taiwan dollar gained 0.37 percent against the U.S. dollar to close at T$32.19, its strongest final price since May 28. Friday factors -- Asian assets including the Taiwan currency rise as immediate concerns about Spain's fiscal health ease following a successful debt auction. Long-term factors -- Some investors fear the euro zone debt crisis will leech into the world financial system and impact Asian exports, including those from technology-led Taiwan. -- The Taiwan dollar is expected to rise on a landmark China-Taiwan deal that would increase two-way trade by cutting tariffs on about 300 import items. (For full trade deal coverage, click on) -- The central bank intervenes almost daily to head off sharp gains, offset forex speculation or make Taiwan dollars affordable to the island's exporters, dealers say. 0800 GMT PREVIOUS DAY T$ (Taipei Forex Inc) 32.190 32.310 (close) T$ (Cosmos1) 32.145 32.270 (close) Taipei Forex Inc is Taiwan's main forex exchange; Cosmos is a smaller exchange. NDFS (vs U.S. dollar) 0800 GMT Previous session, 0800 GMT 6-month T$31.590 T$31.760 2-year T$30.300 T$30.711 Foreign trading in Taiwan stocks (T$ bln) Friday Month to date last month 3.8 6.842 -127.246 TWD year-to-date change -0.36 pct See for a table of year-to-date Asian currency performance. (Reporting by Ralph Jennings; Editing by Chris Lewis) ((ralph.jennings@thomsonreuters.com; +886 2 2500 4882; Reuters Messaging: ralph.jennings.reuters.com@reuters.net)) Keywords: MARKETS TAIWAN CURRENCY/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)

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