(Bloomberg) -- Indonesia's rupiah dropped the most
since May 2006 on speculation declines in global equity markets
will encourage investors to sell riskier assets.
The currency was set for a second weekly loss as Asia stock
markets followed the U.S. and Europe lower. The Dow Jones
Industrial Average had its biggest slide since April 13 on
speculation global interest rates will rise after central banks
in Europe and New Zealand increased borrowing costs this week.
Read more at Bloomberg Emerging Markets News
since May 2006 on speculation declines in global equity markets
will encourage investors to sell riskier assets.
The currency was set for a second weekly loss as Asia stock
markets followed the U.S. and Europe lower. The Dow Jones
Industrial Average had its biggest slide since April 13 on
speculation global interest rates will rise after central banks
in Europe and New Zealand increased borrowing costs this week.
Read more at Bloomberg Emerging Markets News
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