Monday, 17 September 2012

USD/IDR Drops Sharply; 9,430 Support Tipped

The USD/IDR drops sharply for the second day in a row, to 9,470 from 9,510 in late Asian trade Friday, with more dollar selling likely in the coming days, a local trader says. "The pair actually fell lower earlier in the day, to 9,450, but there was some profit taking across the board with all currencies," he says, adding that trading was relatively light with Japan markets closed for a holiday. He tips a 9,430-9,480 range Tuesday. 

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