Indonesia Rupiah Rally Expected to Continue Amid Global Interest Rate Cuts
In a surprising turn of events, the Indonesian rupiah (IDR) is poised to continue its rally, driven by global flows as the US Federal Reserve prepares to cut interest rates. This development has sent shockwaves throughout the financial markets, with strategists at Malayan Banking Bhd and CIMB Bank Bhd predicting that the rupiah will strengthen towards 15,000 per dollar by year-end.
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