Indonesia rupiah jumps 3 per cent to strongest in 2 months
[SINGAPORE] Indonesia's rupiah jumped over 3 per cent on Friday to its strongest level in more than two months as minutes of the Federal Reserve's latest meeting raised expectations against an imminent US interest rate hike.
The rupiah advanced as much as 3.2 per cent to 13,425 per dollar, its strongest since July 29. The Indonesian unit pared some of gains to stand at 13,500 as of 0133 GMT.
Indonesia's bonds offer higher yields than most other emerging Asian countries' debt.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
South Korea’s February factory output rises most in six months, retail sales drop
Chinese property developers’ 2023 results hit by sector downturn
US consumer sentiment jumps to highest level since July 2021
Thailand takes first step to legalise casinos to aid economy
Country Garden delays annual results, expects trading suspension
Japan PM Kishida says appropriate for BOJ to keep easy policy