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
US, Britain urge Hamas to accept Israeli truce proposal
Saudi Arabia says economic revamp momentum intact as plans shift
German inflation creeps up to 2.4% in April
Pakistan central bank holds key policy rate at 22%
Scotland’s Humza Yousaf quits in boost to Labour before UK vote
China’s BYD shows effects of price war with weaker first-quarter earnings