Economics
Indonesia’s Rupiah Completes Weekly Decline After Stocks Slide
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Indonesia’s rupiah completed a weekly loss as signs the U.S. economic recovery is stalling drove Asian stocks lower. Government bonds fell.
The MSCI Asia-Pacific Index of regional shares fell after service industries in the U.S. expanded at the slowest pace in eight months in April, while employment rose by the least in five months. The currency dropped 0.4 percent yesterday as official data showed Indonesia’s economic growth slowed in the first quarter.