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Thursday, 24 May 2012

2012.05.24 10:30:50 MARKET TALK: USD/IDR Higher; 9,270-9,320 Tipped Friday

0830 GMT [Dow Jones] The USD/IDR sustains its early gains on month-end import settlements; the pair is at 9,290 vs 9,275 late Wednesday in Asia. Still, Bank Indonesia was suspected of supporting the local currency; three dealers say the central bank may have sold around $30 million at 9,290. "Dollar supply remains tight amid a lack of fresh fund inflows," a dealer says; he tips the pair to trade in a 9,270-9,320 range Friday. (i-made.sentana@dowjones.com) Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com (END) Dow Jones Newswires May 24, 2012 04:30 ET (08:30 GMT)

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