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Rupiah hits 2-month peak after Jokowi wins presidential election SINGAPORE: The Indonesian rupiah rose to its highest level in two months on Wednesday after Joko "Jokowi" Widodo was declared the winner of the presidential election, although its gains were tempered by suspected intervention.The rupiah rose more than 0.9 percent at one point and touched a high of around 11,485 versus the dollar , its strongest since late May, according to Thomson Reuters data.As the currency rallied, a spokesman for Indonesia's central bank said it will intervene in the foreign exchange market to stabilise the rupiah.Traders said the central bank was detected intervening to buy the dollar versus the rupiah, helping to limit the currency's gains.The rupiah last stood at 11,510 to the dollar, still up around 0.7 percent on the day.The election result could spur an extended relief rally and eventually buoy the rupiah to levels around 11,300 or 11,400, said Mirza Baig, head of foreign exchange and interest ...

Euro at multi-year lows against dollar, yen TOKYO: The euro touched multi-month lows against the dollar and yen on Wednesday as investors fret about the impact on the eurozone economy of possible fresh sanctions against Russia following the downing of Flight MH17.In late afternoon Tokyo trade, the single currency bought $1.3461 and 136.51 yen, down from $1.3465 and 136.62 yen in New York late Tuesday.However, it was up marginally from the earlier exchanges when it touched $1.3458 at one point, its lowest ...
Euro at multi-year lows against dollar, yen TOKYO: The euro touched multi-month lows against the dollar and yen on Wednesday as investors fret about the impact on the eurozone economy of possible fresh sanctions against Russia following the downing of Flight MH17.In afternoon Tokyo trade, the single currency bought $1.3464 and 136.54 yen, down from $1.3465 and 136.62 yen in New York late Tuesday.However, it is up marginally from the earlier exchanges when it touched $1.3458 at one point, its lowest since ...
China's yuan rises to two-week high as outlook firms HONG KONG: China's yuan rose to a two-week high on Wednesday in spite of a weaker midpoint, as the outlook on the currency has gradually improved on a recovering economy and hopes of further stimulus.Spot yuan changed hands at 6.1991 per dollar near midday, up 0.07 percent from Tuesday's close of 6.2037. It touched 6.1976 in morning trade, the highest level since July 10.The People's Bank of China (PBOC) fixed the official midpoint at 6.1572, ...
Rupiah scales 2-month high after Jokowi wins presidential election SINGAPORE: The Indonesian rupiah set a two-month high on Wednesday, rallying after Joko "Jokowi" Widodo was declared the winner of Indonesia's presidential election. The rupiah rose more than 0.9 percent at one point and touched a high of around 11,485 versus the dollar , its strongest level since late May, according to Thomson Reuters data.As the currency rallied, a spokesman for Indonesia's central bank said it will intervene in the foreign exchange market to stabilise ...
South Korea won gains on offshore inflows, Q2 GDP eyed SEOUL: The South Korean won rose for a third session early on Wednesday but most investors were in a cautious mood ahead of second-quarter growth data, the government's revised economic forecasts and policy measures to be announced the following day. The local currency was quoted at 1,022.2 to the dollar as of 0214 GMT, up 0.21 percent from Tuesday's close at 1,024.4. "Although expectations of policy changes, chiefly interest rate cuts, contributed to the won's ...
Sri Lanka rupee steady near 3-week low; seen facing downward pressure COLOMBO: The Sri Lankan rupee traded steady near its three-week low on Tuesday in dull trade, but dealers said the currency could face some downward pressure during the week due to import bills.The rupee was at 130.29/32 per dollar at 0632 GMT, little changed from Monday's close of 130.30/32. Early last week, it hit a more than one-year closing high."We do not see much pressure on the currency. But there are some heavy import bills ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln