41. The decision comes as the plunging value of the Thai baht and the Indonesian rupiah make it almost impossible for local companies to repay foreign debt and purchase imports. 42. The dollar also gained amid a fall in the Indonesian rupiah, which fueled concern about an Asian economic meltdown, traders said. 43. The devaluation of the Indonesian rupiah left most of its corporate clients insolvent, which meant they could not repay loans. 44. The front page no longer carries daily news of the Thai baht, the Indonesian rupiah, and other arcane currencies. 45. The dollar was little changed against the yen and fell against the Indonesian rupiah. 46. The fall in currencies such as the Philippines peso and the Indonesian rupiah will reduce the Australian dollar earnings for domestic companies. 47. The Indonesian rupiah and Thai baht tumbled as demand for U.S. dollars wiped out gains they made in early Asian trading. 48. The Indonesian rupiah dived in mid-afternoon trading on speculation that President Suharto had been taken ill, traders said. 49. The Indonesian rupiah fell against the dollar as the central bank shifted the trading band lower and interest rates declined, traders said. 50. The Indonesian rupiah fell against the U.S. dollar on speculation the government wants the currency to decline to make Indonesian exports more competitive, traders said. |