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No market movement until election: Analyst
Aditya Suharmoko , The Jakarta Post , Jakarta | Tue, 06/30/2009 5:25 PM | Business
It seems there will be no significant movement in the market until the upcoming presidential election, Citi analyst Johanna Chua says."Aside from the overall global risk appetite, we expect the result of the election on July 8 will be the next key market-moving event," Chua said in a statement Tuesday.
She said the flow of government bonds had been very quiet, with no significant drivers, while the rupiah was hovering around Rp 10,300 per dollar.
"We think monetary policy will not be the main catalyst for rupiah-denominated bonds to move either way," she said.
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