Indonesia's Surprise Rate Cut May Spur Inflows, Support Rupiah [Yahoo! Finance]
OVERSEAS CHINSE UNSP/ADR (OVCHY)
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Source: Yahoo! Finance
inflows into bonds and stocks, which may end up supporting the rupiah, according to analysts. Most Read from Bloomberg A potentially weaker dollar on the back of a start of interest-rate cuts by the Federal Reserve may also aid emerging-market currencies, including the rupiah. The currency erased intraday losses on Wednesday to close little changed at 15,340 per dollar. Here's what market participants had to say: It's a rally for bonds Philip McNicholas, Asia sovereign strategist at Robeco Group: “This move was a long time coming. Taking this action now suggests that BI is confident that global liquidity conditions are likely to remain forgiving thanks to Fed policy easing. This should be favorable for IndoGBs but, given that a large amount of Fed easing is priced in a very short time-frame, risk of volatile price action in the rupiah persists, meaning gauging BI's policy outlook will be on a meeting-by-meeting basis.” Eugene Leow, a fixed-income strategist at DBS Bank:
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