The Indonesian rupiah fell today, dropping below the 10,000 per dollar level for the first time since 2009, as slower-than-expected China’s economic growth damped prospects for Indonesia’s exports.
Growth of the biggest Asian economy disappointed traders and spurred mild risk aversion, being below market expectations. China is the biggest importer of Indonesian goods. The Indonesian central bank was attempting to support the currency, selling dollars, but it looks like the efforts were futile so far.
USD/IDR advanced 0.83 percent to 10,074 as of 10:36 GMT today.
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