Indonesia's rupiah hits four-month low as US bond yields rise

Indonesia's rupiah hits four-month low as US bond yields rise

The Edge Markets - World·2021-03-05 15:02

BENGALURU (March 5): Indonesia's rupiah fell to a four-month low on Friday as rising U.S. bond yields sent the dollar higher and hit appetite for Asia's emerging currency and stock markets.

Stock markets in Asia suffered early falls following overnight comments by Federal Reserve Chair Jerome Powell, who reiterated that the Fed's policy stance as appropriate, even though he thought the recent bond sell-off was "notable".

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