The Indonesian rupiah advanced today with the help of the view that the US Federal Reserve will maintain stimulus, making investors more willing to bring money into emerging economies.
Hopes that the Fed will keep its quantitative easing program unchanged were helping riskier currencies. Remarks of some US policy makers about an end to monetary easing made traders nervous a bit. New York Fed President William Dudley said that he thinks US economy will strengthen in the future, but at the same time he voiced opinion that recovery is still too fragile to consider reduction of stimulating measures.
USD/IDR fell from 11,630 to 11,599 as of 13:52 GMT today.
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