Indonesian rupiah trips on virus woes; Asia FX eyes FOMC [Financial Post (Toronto, Ontario, Canada)]
SOCIETE GENL FRNCE S/ADR (SCGLY)
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Source: Financial Post
Dyson just launched a vacuum with a laser — we tried it and we're gobsmacked sustained spike in coronavirus infections threatened to tarnish the country's economic growth projections. Trading in most other emerging Asian markets was thinned by holidays in China and Taiwan, and as investors awaited monetary policy meetings, including the U.S. Federal Reserve's, this week. The rupiah weakened 0.3% and was on track for its biggest one-day fall since May 20. Stocks in Jakarta inched up amid expectations that Bank Indonesia will keep interest rates at record lows on Thursday. Indonesia has reported its highest number of daily COVID-19 cases since February over the last few days, prompting the country's finance minister to warn of a hit to second-quarter gross domestic product growth forecast. “While the worst appears to be over for the economy, the post Eid-ul-Fitr spike in COVID-19 cases threatens a delayed reopening and likely a more moderate bounce bac
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