US Dollar Rupiah and Indonesian Bombing
July 17 (Bloomberg)
US Dollar Rupiah and Indonesian Bombing
The bombing triggered a brief flight to safety into the dollar and the yen in Asian trading. The Indonesian rupiah weakened 0.5 percent to 10,175 per dollar, after dropping as much as 1 percent, the most since June 23 as bombs exploded at the Ritz Carlton and the JW Marriott hotels in the Jakarta, killing eight people and injuring at least 53 others.
The rupiah then pared its losses, trading at 10,163. The Bank of Indonesia may “have intervened” in the currency markets today to limit its losses, currency strategists at Credit Suisse Group AG said in a report today.
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