0937 GMT [Dow Jones] The USD/IDR rises to 9,495 from 9,470 in late
Asian trade Friday, tracking the USD's broad strength against most
regional currencies on renewed concerns over Europe's debt problems.
Two dealers says Bank Indonesia was suspected of selling between $50
million and $70 million to curb the pair's rise. "Investors are
particularly worried about Spain's debt. But I think BI will continue
to intervene to defend the pair's 9,500 resistance level," says a
local dealer. He tips the pair to trade in a 9,470-9,500 range
Tuesday. (andreasismar.sandiwan@dowjones.com)
Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com
(END) Dow Jones Newswires
July 23, 2012 05:38 ET (09:38 GMT)
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