Asian currencies strengthened after Federal Reserve Chair Kevin Warsh's remarks were interpreted as more dovish than expected, and the Indonesian rupiah (IDR) pulled away from the area near its record low.
The US dollar fell 0.4% against the rupiah to 18,108, on track for its largest single-day decline since September 30. The 10-year government bond yield dropped 3 basis points to 7.62%.
Data from Indonesia's Ministry of Finance showed that global funds net bought US$69.5 million of Indonesian local bonds on October 27. The Jakarta Composite Index fell 2% to 5,175.15 points.
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