In Reply to: Exchange rate today posted by templeflags on Friday, 7. May 2010 at 05:17 Bali Time:
"The biggest intraday point drop ever for the Dow Jones Industrial Average may have been caused by an erroneous trade entered by a person at a big Wall Street bank that in turn triggered widespread panic-selling.
At one stage, the Dow was down a whopping 998 points - or 9 per cent - before rebounding but it was still sharply lower for the session as continuing worries about Greece and the so-called sovereign debt contagion ate into investor confidence."
"In overnight trade, the Australian dollar plunged to 88.58 US cents - it was four US cents higher as many days ago. At one point during the offshore session, about 4am east-coast time, it was buying a mere 87.11 US cents. It also fell below 80 yen."
At the very moment US$1 = IDR 9,232rp & AUD$1 = IDR 8,357.27rp