The Trader 

Market Outlook: Rupiah at Asia crisis levels

The Trader

Reuters reports that despite continued central bank intervention in the FX and bond markets, the Indonesian rupiah hit 14,777 to the US dollar, its weakest level since the 1997/1998 Asia crisis.  That time around the problems started with excessive loans in Thailand to the property sector, then swirled through the region hitting South Korea, among others, then global fixed income markets taking down a few big hedge funds.

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