Trading volumes surge on rupiah volatility

Concerns over the country's likely new president Susilo Bambang Yudhoyono's ability to manage the fledging economy, and speculation about his choice of cabinet colleagues, weakened the rupiah from its pre-election highs, forcing participants to reverse positions.

Traders dived into the market to reverse short dollar, long rupiah positions put on the week before the election, where the currency appreciated by some 2.6% amid hopes of a likely defeat of incumbent president Megawati

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: