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USD/IDR Ends Down

Forex News: USD/IDR ends down at 9,160 vs 9,170 last close as investors sell USD to buy bonds, central bank's SBI notes. Offshore NDFs down "so there is room for arbitrage by selling dollars here and buying NDF offshore", says dealer at major foreign bank. Adds pair may test 9,150 on downside tomorrow but that's a strong barrier and Bank Indonesia may guard it as demand remains from investors looking to hedge oil prices; 9,175 to cap. Analysts say Bank Indonesia likely to buy back USD/IDR around 9,200 after spending big to cap upside on pair recently; central bank not noted in market today however.(


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