11. Elsewhere, the Indonesian rupiah rose on efforts from Indonesia to defend its own currency. 12. Elsewhere, the Indonesian rupiah rose on efforts from the Indonesian government to defend its currency. 13. Earlier, the Indonesian rupiah fell followed the South Korean won lower. 14. For one thing, it was easy to bet against the Indonesian rupiah because it had long been legal to exchange rupiah for other currencies. 15. Japan also joined hands with Singapore and Indonesia Monday and bought the Indonesian rupiah to shore up the currency. 16. Many Asian currencies, including the Korean won, the Thai baht and the Philippine peso and the Indonesian rupiah all fell to historic lows against the dollar. 17. Meantime, the Philippine peso, Malaysian ringgit and Indonesian rupiah plunged to new lows amid slumping investor confidence in Southeast Asia. 18. Meantime, the Indonesian rupiah, Thai baht and Philippine peso plunged to record lows. 19. Meantime, the Philippine peso, Malaysian ringgit and Indonesian rupiah plunged to new lows. 20. Now, the Thai baht and the Indonesian rupiah have fallen lower than before the IMF intervened. |