Markit
We wish you a merry Christmas (15,000) and a happy new year...
balinews
Indonesia's rupiah fell to near a 17-year low after foreign funds sold the nation's bonds before data forecast to show growth slowing for a second quarter.
Overseas investors pulled a net 6.9 trillion rupiah (S$704 million) from local-currency government debt in a seven-day run of outflows through Monday, the latest Finance Ministry figures show.
Gross domestic product probably increased 4.64 per cent in the three months through June, compared with 4.71 per cent in the first quarter, according to the median estimate in a Bloomberg survey before data due Wednesday.
The rupiah fell 0.2 per cent to 13,518 a dollar as of 9.22am in Jakarta, according to prices from local banks. It reached 13,555 yesterday, the weakest level since August 1998, and is down 8.4 per cent this year in Asia's worst performance after Malaysia's ringgit.
Rupiah falls toward 1998 low on bond outflows before GDP report, Government & Economy - THE BUSINESS TIMES
odez999
Today it reached 15 000 at some point .. but this week wil def. reach 15 000 ! Sooner than you expected !
+ this week feds will announce their intrest rates ... and then rupiah wil signif. sink too ...
Some claims that real ratio is 17 000 per 1 usd ! Wich might come near as jan-feb next year !
The way I see it . .this all happens too fast .. domino efect is in delay (artificially I think they want to get on time ... but Ido not see the purpose !?) ... and when it hits going to hit hard ... next year ...
250 mil people country become nonsustainable = big problem !
Markit
99% of those people live a subsistence life style and are not interested in the exchange rate only in price of rice/pussy/hut.
SHoggard
@ Mr Market - weren't you going to eat your shorts or something like that, a year or so back
