Indonesian Rupiah: Stability relies on tighter BI policy – UOB

UOB’s Enrico Tanuwidjaja and Vincentius Ming Shen note that Indonesia’s FX reserves fell further in May as Bank Indonesia (BI) stepped up interventions to support the Rupiah, which has weakened sharply year-to-date.
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Canadian Dollar holds steady as Middle East risks, BoC policy uncertainty cap moves

USD/CAD trades around 1.3950 on Tuesday at the time of writing after snapping a four-day winning streak.
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