Sunday, May 6, 2007

Indonesian Rupiah Rises to One-Year High on Inflows: World's Biggest Mover

(Bloomberg) -- Indonesia's rupiah climbed to the strongest in almost a year, the biggest fluctuation of any currency today, as stocks rose to a record and as the central bank may cut interest rates tomorrow to boost growth.

The rupiah had its biggest gain since July 2006 as investors based overseas put more money into the nation's assets on optimism growth will accelerate. The rupiah also appreciated after a U.S. government report on May 4 showed employers added the fewest jobs in more than two years.


Read more at Bloomberg Currencies News

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