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Rupiah weakens to Rp17,668 per US dollar amid stabilization efforts
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The rupiah closed weaker at Rp17,668 per US dollar on Monday, May 18, 2026. The government and Bank Indonesia have taken steps to maintain stability of the currency.
The dollar weakened ahead of the Federal Reserve's upcoming policy decision, the first under Chair Kevin Warsh. Optimism surrounding a potential U.S.-Iran peace deal lifted risk appetite in markets. Investors stayed cautious as they awaited details on any shifts in monetary policy.
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The Mexican peso closed the Friday session with gains against the dollar. The move came amid greater risk appetite in international markets due to expectations of a possible agreement between the United States and Iran.
The Kenyan shilling stayed steady against the dollar this week even as the U.S. currency weakened for a second straight week. The local unit closed at Ksh129.19, unchanged from April 30.
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Indore police are investigating three abandoned bags found on Sanwer-Ujjain Road containing bundles of currency. Many packets were stuffed with fake notes and coloured papers.
South Korean stocks started slightly lower on Wednesday amid uncertainties over U.S.-Iran peace talks. The benchmark KOSPI fell 0.17 percent to 6,377.42 in the first 15 minutes of trading. Investor sentiment weakened with a two-week ceasefire nearing its end.
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South Korea's Finance Minister Koo Yun-cheol and US Treasury Secretary Scott Bessent agreed in Washington that excessive volatility in the Korean won against the dollar is undesirable. Seoul's finance ministry said the two will continue consultations on foreign exchange market trends.
Yen lingers above ¥160 to the dollar ahead of BOJ meeting
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