2012.06.07 11:55:08 MARKET TALK: USD/IDR Rises; 9,500 Resistance Eyed - Dealers

0955 GMT [Dow Jones] The USD/IDR is higher at 9,450 vs 9,350 late Wednesday as Bank Indonesia was suspected of selling less dollars in the market today than Wednesday. But dealers say the pair is actually losing steam as Wednesday's lower closing level was due to suspected central bank intervention. "The euro's strong rebound against the dollar eased the pressure on the rupiah too, which likely prompted Bank Indonesia to reduce its intervention today so long as the dollar remains below IDR9,500," a dealer says; dealers suspect the central bank will likely continue to defend 9,500 as resistance for the pair Friday, with support tipped at 9,350.(i-made.sentana@dowjones.com) Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com (END) Dow Jones Newswires June 07, 2012 05:55 ET (09:55 GMT)