Sunday, May 6, 2007

Indonesian Rupiah Rises to One-Year High on Inflows; Asian Currencies Gain

(Bloomberg) -- Indonesia's rupiah climbed to the strongest in almost a year, the biggest fluctuation of any currency today, after buying by foreign investors drove the benchmark stock index to a record.

The rupiah rose for a fifth day as the central bank may cut interest rates tomorrow to boost economic growth. The rupiah also appreciated after a U.S. government report on May 4 showed employers added the fewest jobs in more than two years.


Read more at Bloomberg Currencies News

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