Indonesia and India intervene to support their weakening local currencies

金十2026/05/29 11:52

Show original

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Golden Ten Data reported on May 29 that on Friday, Indonesia and India took intervention measures to support their own currencies; currently, both currencies are facing downward pressure due to soaring energy prices. Despite the authorities selling foreign exchange, the Indonesian rupiah still fell 0.5% against the US dollar. The Indian rupee rose 0.7% on Friday, ending a previous two-day decline. So far this year, the Indonesian rupiah has depreciated 7% against the US dollar, ranking first among emerging market currencies; the Indian rupee has fallen 5.7%. In a statement on Friday, the Bank of Indonesia said that it will continue its commitment to ensure the rupiah's "around-the-clock and worldwide" exchange rate stability through interventions in the spot foreign-exchange market, non-deliverable forward (NDF) operations, and the purchase of government bonds. Meanwhile, according to informed traders, the Reserve Bank of India sold US dollars in both offshore and onshore markets to support the rupee exchange rate. In the past few days, the Reserve Bank of India has been intervening in the market to support the rupee.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

On October 9, Morningstar predicted that the revenue of Australian oil and gas producer Woodside Energy (WDS.AX) will grow by over 30% by 2030, outpacing any of its international peers. Woodside Energy’s share price dropped by 0.6% on the day to 32.12 AUD, after surging 2.6% in the previous trading session. The stock is poised to end a three-week losing streak, with oil prices rising due to escalating tensions in the Middle East, and is set for a 2.8% weekly gain O/R. Morningstar expects Woodside’s revenue to increase as major new projects come online, and forecasts free cash flow to exceed 7 billion USD after 2030, reflecting a 300% rise from 2025. The report added that market sentiment remains bearish, with the current share price below its estimated fair value of 44.00 AUD. Year-to-date, Woodside’s share price has risen 36.2%, while Santos shares are up 41.3%. (For the convenience of non-English speakers, Reuters has automated the translation of its reports into several languages. Since automated translations may be inaccurate or lack required context, Reuters does not guarantee the accuracy of automated translation texts and provides them solely for the convenience of readers. Reuters accepts no liability for any loss or damage arising from your use of automated translation functions.)

路透社•2026/10/09 02:16

Star analyst Ives: Bullish on Apple (AAPL.US) up to $400, AI strategy may increase valuation by $75 per share

Ives has given Apple stock an "outperform" rating, with a target price of $400.

智通财经•2026/10/09 02:01