Sunday, May 6, 2007

Indonesia's Rupiah Rises to One-Year High on Rates: World's Biggest Mover

(Bloomberg) -- Indonesia's rupiah rose 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. Ten-year bonds advanced for a 15th day.

The rupiah had its largest gain since July 2006 as the central bank may cut interest rates tomorrow to boost economic growth. The rupiah also rose 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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