The Indonesian rupiah fell today as the minutes of its latest Federal Reserve monetary policy meeting showed that policy makers were considering reduction of monetary stimulus.
The Fed released its policy minutes yesterday, revealing that quantitative easing tampering may happen rather soon. Prospects for smaller stimulus hurt investors’ confidence, leading to losses among riskier currencies. Previously, the rupiah was rising on hopes that stimulus will persist.
USD/IDR rose 0.39 percent to 11,705 as of 12:52 GMT today.
If you have any questions, comments or opinions regarding the Indonesian Rupiah,
feel free to post them using the commentary form below.