USD/IDR Higher; Bank Indonesia Eyed Selling $100M
Asia-Pacific exchange net America 2010-01-26 17:15:01
USD/IDR higher at 9,430 vs 9,350 late Monday on USD firmness vs regional currencies, spurring Bank Indonesia's intervention, dealers say; central bank suspected of selling total $100 million between 9,380-9,400 to slow pair's rise. 'The dollar will likely remain well bid tomorrow also because of month-end demand from Indonesian importers,' a dealer says; 9,380-9,450 tipped for Wednesday.