• Indonesian rupiah hits record low as Iran closes Strait of Hormuz

    Source: Buzz FX / 22 Apr 2026 23:11:31   America/New_York


    The Indonesian rupiah slid to a record low of 17,315 per USD after Iran closed the Strait of Hormuz, and the Bank of Japan rate cut market for its April meeting moved to
    Market reaction
    The strait’s closure has spiked oil prices above $100/
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