Wednesday, November 18, 2009

Rupiah Falls as Asian Currencies Rally Halted by Intervention

(Bloomberg) -- Indonesia’s rupiah declined for a third day, as Asian currencies halted gains, on concern central banks will intervene and introduce restrictions on capital inflows to curb appreciation that may prolong a slump in exports. The rupiah, the best performer this year among Asia’s 10 most-traded currencies excluding the yen, fell after the central bank said it is mulling limits on inflows of funds that bet on exchange-rate gains. The Taiwan dollar halted a two-day rally as traders said monetary authorities were buying the greenback.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aAhv5Qu6Ow1s

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