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Indonesian Rupiah Rises as China’s PMI Improves Sentiment

October 24, 2013 at 11:26 by Vladimir Vyun

Rupiah notes and coinsThe Indonesian rupiah rose a little today as China’s manufacturing index ticked up this month, improving prospects for exports of Indonesia. The positive data improved the market sentiment that was previously negative.

The HSBC Flash China Manufacturing Purchasing Managers’ Index rose from 50.2 in September to 50.9 in October. The actual value exceeded the market expectations of 50.5. The report was rather optimistic and eased concerns caused by monetary tightening in China.

USD/IDR fell from 11,270 to 11,265 as of 11:24 GMT today.

If you have any questions, comments, or opinions regarding the Indonesian Rupiah, feel free to post them using the commentary form below.

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