JAKARTA: The Indonesian rupiah may be at the cusp of a rally. Its advance from the worst-performing Asian currency in the three months ended September to the second-best in the final quarter of 2020 signals potential for further gains.
The removal of US election risk and supportive coronavirus vaccine developments aided the rupiah’s rise to near resistance at 13,873, its June 8 high, before it ended the year at 14,050.
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