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Asia market FX intervention

Asia market FX intervention

Central Banks
By Eamonn Sheridan
03/10/2024 | 03:29 GMT
  • Bank Indonesia intervened in the forex market to support the rupiah

Bank Indonesia, the Indonesian central bank, has intervened in the forex market to support the rupiah:

  • to ensure the balance of supply and demand
  • says IDR weakened due to rising geopolitical tension in the Middle East

USD/IDR seen around 15,395

usdidr intervention 03 October 2024 2

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