Wednesday, 2 May 2012
2012.05.02 11:51:31 MARKET TALK: USD/IDR Higher; BI Intervention Eyed Thurs -Trader
0951 GMT [Dow Jones] The USD/IDR rises to 9,199 in quiet trade vs 9,190 late Tuesday in Jakarta, tracking the greenback's broad strength against most regional currencies, leaving the pair poised to break the psychological barrier of 9,200 Thursday. Bank Indonesia "was in the market to check, but not really selling today," says a local trader, adding that if the central bank stays out of the market Thursday, the currency pair could continue to rise as high as 9,240 in the weeks ahead. Last month BI intervened on multiple occasions to keep the pair below the 9,200 level. (ben.otto@dowjones.com)
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(END) Dow Jones Newswires
May 02, 2012 05:51 ET (09:51 GMT)
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