EMERGING MARKETS-Asian currencies stumble as dollar edges up; stocks decline
* Thai baht loses as much as 0.3% * Indonesian rupiah hits lowest level since April 30 * Seoul shares...
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Indonesia’s Rupiah Falls to Lowest Level Since Asian Financial Crisis – The Diplomat
The Indonesian rupiah yesterday fell to its lowest level since the Asian financial crisis of 1998, reflecting concerns about the government’s fiscal trajectory and the uncertainties about incoming U.S. tariffs. According to The Jakarta Post, the rupiah momentarily fell to around 16,654 against the U.S. dollar, its weakest since June 1998, before recovering slightly. The currency has been one of the worst performers in emerging markets in 2025, declining by more than 3 percent since the start of the year. Tuesday’s reading was slightly lower than the previous low of...