31/08/18

Rupiah Plunges To Asian Financial Crisis Low Amid Emerging Market Liquidation



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Rupiah Plunges To Asian Financial Crisis Low Amid Emerging Market Liquidation
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Despite four rate hikes by the Bank of Indonesia since May, the Indonesia's rupiah slid to a two-decade low, falling to 14,750 per dollar, a level last hit during the Asian Financial Crisis of 1998, and just shy of an all time low, spurring yet another intervention from the central bank as the contagion from the collapse in Argentina and Turkey has turned the market's attention on emerging markets with current account deficits.

Indonesia's benchmark bond yields ....

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