Tuesday, March 10, 2009

USD/IDR ends slightly lower

USD/IDR ends slightly lower at 11,990 vs 12,070 Friday close (market closed Monday for public holiday) as offshore investors buy short-term Bank Indonesia paper, government bonds, lured by their high yields, dealers say. "The dollar's slide versus other regional currencies also helped push the dollar-rupiah lower," a dealer says; adds foreigners likely bought 1-year  note sold by government today at 10.42% yield; 11,950-12,050 range tipped Wednesday.

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