As Federal Reserve Chairman Kevin Walsh's speech was interpreted as being more dovish than expected, the Asian currency strengthened, and the Indonesian rupiah also left the region near the historic low. The US dollar fell 0.4% against the Indonesian rupiah to 18,108; it is expected to record the biggest one-day decline since September 30. The 10-year Treasury yield fell 3 basis points to 7.62%. According to data from the Indonesian Ministry of Finance, the Global Fund made a net purchase of 69.5 million US dollars of local Indonesian bonds on October 27. The Jakarta Composite Stock Price Index fell 2% to 5,175.15 points.
Zhitongcaijing · 3d ago
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As Federal Reserve Chairman Kevin Walsh's speech was interpreted as being more dovish than expected, the Asian currency strengthened, and the Indonesian rupiah also left the region near the historic low. The US dollar fell 0.4% against the Indonesian rupiah to 18,108; it is expected to record the biggest one-day decline since September 30. The 10-year Treasury yield fell 3 basis points to 7.62%. According to data from the Indonesian Ministry of Finance, the Global Fund made a net purchase of 69.5 million US dollars of local Indonesian bonds on October 27. The Jakarta Composite Stock Price Index fell 2% to 5,175.15 points.
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