Monday, 7 May 2012
2012.05.07 04:22:44 MARKET TALK: USD/IDR Steady; Bank Indonesia Intervention Eyed
0222 GMT [Dow Jones] The USD/IDR is steady at 9,205 in quiet trading as market participants are reluctant to build fresh positions amid political uncertainties in the euro zone, dealers say. "We may see the pair creeping up later if risk aversion globally hurts the local stocks and bonds," a dealer says. Still, he expects Bank Indonesia to sell dollars if the pair rises gets close to 9,210. Dealers tip a 9,200-9,220 range for the pair. (i-made.sentana@dowjones.com)
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(END) Dow Jones Newswires
May 06, 2012 22:22 ET (02:22 GMT)
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