Taiwan dollar falls to 2-week low on US economy hopes

* Greenback strengthens globally after strong jobs data

* Dealers say to focus on extent of U.S. dollar's strength

TAIPEI, June 6 - The Taiwan dollar fell to a two-week closing low in thin trade on Saturday, as the U.S. dollar strengthened globally after better-than-expected jobless data in the United States, and while further pressured by fund outflows.

The Taiwan dollar hit an intraday low of T$32.807 at the open, but pared some of those losses to finish the session at T$32.720, its weakest close since May 26. This was also weaker than Friday's close of T$32.607.

Taiwan's forex market was open on Saturday to compensate for an extra holiday last week for the Dragon Boat Festival.

Volume on the main Taipei Forex Inc exchange was a paltry $328 million, less than half Friday's already thin $687 million, as many investors stayed away on a weekend.

"With nowhere to take its cue from today, the Taiwan dollar just looked at how the U.S. dollar went, and depreciated," said a dealer in Taipei.

"The key issue next week is to look for signs on whether or not the U.S. dollar's appreciation is for real, and to what extend it could climb."

The U.S. dollar on Friday posted its largest one-day gain against a basket of currencies in more than five months after data showed the United States shed fewer jobs than expected in May, boosting hopes for an economic recovery.

Some foreign fund outflows also pressured the Taiwan dollar, with foreign investors selling a net total of T$603 million ($18.4 million) worth of stocks on Saturday despite a 1.32 percent climb in the local equities market.

On the smaller Cosmos <COSMOS1> exchange, the Taiwan dollar closed at T$32.719, weaker than Friday's close of T$32.593.