(Bloomberg) -- Indonesia's rupiah climbed to the strongest in almost a year as investors based overseas put more money into the nation's assets on optimism economic growth will accelerate.
The rupiah had its biggest gain since May 2006 as the benchmark stock index last week rose to a record and on speculation the central bank will resume cutting interest rates tomorrow, improving the outlook for faster growth. The rupiah also appreciated after a U.S. government report May 4 showed employers added the fewest jobs in more than two years.
Read more at Bloomberg Currencies News
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