Rupiah falls to 4-year low amid record current account gap

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AFP
The Indonesian Rupiah fell to the lowest level since April 2009, wakening beyond 11,000 per U.S. Dollar amid record current account gap. Indonesia's trade shortfall reached $2.3 billion in July, against economists' expectations for $393 million, as imports advanced 6.5% on year, whereas exports fell for a 16th straight month. The nation's currency lost 0.5% to 11,035 per greenback at 11:31 a.m. in Jakarta.   
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Tue, 03 Sep 2013 07:12:10 GMT

Australia current account gap widens

The seasonally-adjusted data published today by the Australian Bureau of Statistics on the current account of the world's fourteenth largest economy suggest the deficit went up to $9,350m from $8,740m, or by 7% within the second quarter of this year. This means the difference between the imported and exported goods rose and the demand for the Australian Dollar supposedly fell.

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