Surging dollar battering Asia’s most fragile currencies
TOKYO — Kevin Warsh’s arrival at Federal Reserve headquarters isn’t playing out the way Asia hoped. Since taking the baton...
archiveRupiah Depreciation
How low will Indonesia’s falling rupiah go?
Indonesia’s psychological and economic guardrails officially cracked in mid-May when the rupiah plunged to 17,513 against the US dollar, the...
Rupiah’s fall shows old emerging-market playbook no longer works
On May 5, the rupiah closed at 17,445 per dollar — its weakest level on record — and by evening...
