Rupiah manages to withstand renewed Dollar drive

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Improved risk appetite and an improved attitude towards global stock markets have helped support a number of different APAC EM currencies, despite the news of the Dollar edging very close to a new 2018 high.  At time of writing the Rupiah has advanced by a marginal 0.01%, with the Chinese Yuan, Philippine Peso and Korean Won, a few of the other regional currencies, to be trading higher against the USD on Wednesday.

The news of the Dollar edging extremely close to meeting a new 2018 high is going to present new challenges for emerging market currencies. Therefore it is positive that… Read More

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