Rupiah Resumes Drop

Posted on by http://wealthcreation.club
🇮🇩 🇮🇩 Bank Indonesia’s surprise raise in interest rates last week has failed to stem the rout in the rupiah. The currency approached 16,000 per dollar, a key level last seen in April 2020, as markets remain concerned over elevated oil prices and rising Treasury yields. The currency weakened as much 0.6% to 15,969 per dollar, extending declines into a fourth day, before the central bank intervened to support the currency

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