Rupiah Erases Loss as China Pledges to Help Europe; Bonds Gain
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Indonesia’s rupiah erased an earlier loss after China said it will help resolve Europe’s debt crisis, bolstering demand for emerging-market assets. Government bonds advanced.
The currency halted a slide toward the lowest level in almost a month after the People’s Bank of China Governor Zhou Xiaochuan pledged today to invest in Europe’s bailout fund to help ease the region’s debt crisis.