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Friday, 4 May 2012

2012.05.04 04:10:10 MARKET TALK: USD/IDR Higher; 9,200-9,210 Band Tipped - Dealer

0210 GMT [Dow Jones] The USD/IDR rises to 9,205 vs 9,192 late Thursday on risk aversion globally due to concerns over the health of the U.S. economy. Three dealers suspect Bank Indonesia to have sold around $30 million between 9,200-9,205 to slow the pair rise after suspected selling of up to $100 million Thursday. "The market is, however, calm, and Bank Indonesia doesn't seem to want to reverse the pair's direction," a dealer says. He tips a 9,200-9,210 range for the session, expecting the central bank to sell more dollars later in the day if the pair continues to rise. (i-made.sentana@dowjones.com) Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com (END) Dow Jones Newswires May 03, 2012 22:10 ET (02:10 GMT)

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