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US Dollar Rupiah and Indonesian Bombing

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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.

avatar-us-dollar-rupiah US Dollar Rupiah and Indonesian Bombing

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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July 18, 2009 | Filed Under Forex News 

Comments

16 Responses to “US Dollar Rupiah and Indonesian Bombing”

  1. US Dollar Rupiah and Indonesian Bombing | Forex Trading Puzzle « The Forex News on July 18th, 2009 9:02 am

    [...] forexwatch wrote an interesting post today onUS Dollar Rupiah and Indonesian Bombing | <b>Forex Trading</b> PuzzleHere’s a quick excerpt [...]

  2. Reetha (2 comments.) on July 27th, 2009 3:14 am

    Niceupdated article. Well, such an impact of Bombing…nice post

  3. ade from JOutdoor Camping Gear (1 comments.) on July 27th, 2009 9:26 pm

    At least this is not as bad as Zimbabwe. Over there a week’s wages one week is not enough to ride the bus to work the next :|

  4. forexwatch on July 27th, 2009 10:44 pm

    Wages as low as that ! Horse riding could be the alternative means of transport.

  5. im from JForex Trading Secret System (1 comments.) on July 31st, 2009 2:42 am

    It looks like all the bombings around the globe are having an destabling effect on the indiviual countries econommy. I wonder if the Majorca bombings (today) will affect the islands tourist trade and inturn the Spanish economy.

  6. ditya from aTravel to Xian (2 comments.) on August 2nd, 2009 3:10 am

    Hi,
    You are right after the bomb blast tourism is affect badly.
    Thanks for the sharing.

  7. ditya from aTravel to Shanghai (2 comments.) on August 12th, 2009 2:51 am

    Hi,
    It is obvisully happen because bombing affect the forien investment and mainly torism. It is definetly affect the currency.
    Thnaks for sharing.

  8. aad from SStructured Settlement(new comment) on November 13th, 2009 8:19 pm

    very nice informative, never knew bombing affect that much of the economy, thanks for sharing

  9. antalus from TTeachYourselfForexTrading(new comment) on November 30th, 2009 11:25 am

    I must say I never considered the effect of the Rupiah on Forex markets. With the world becoming more open and more and more countries involved in world trade it makes sense to keep an eye on the currencies and current events of places like Indonesia.

  10. Sean(new comment) on December 16th, 2009 2:33 am

    I’m a little confused: what bombing?

  11. di from ABali Accommodation(new comment) on December 16th, 2009 5:12 pm

    Hope the Rupiah get stable soon. I am worry, because the politic situation in Indonesia is not good today.

  12. gilbert(new comment) on December 20th, 2009 7:21 pm

    Very informative, many will benefit from this.

  13. Van(new comment) on December 24th, 2009 10:59 am

    check out the daily report at Vantage FX for detailed info on currencies.

    Van

  14. Pension Administration(new comment) on January 26th, 2010 1:52 pm

    It looks like all the bombings around the globe are having an destabling effect on the individual countries economy. I wonder if the Majorca bombings (today) will affect the islands tourist trade and inurn the Spanish economy. Very informative and many will benefited from it.

  15. enjamin Huebner from Brichtig geld verdienen(new comment) on February 6th, 2010 8:38 am

    Yes thet´s right!

    But it´s logical.

    Such terror activities are a unknown factor in the countries economy.

  16. shish from AForex How to(new comment) on February 15th, 2010 2:34 am

    Same happened with India once i remember.

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