Indonesian rupiah against the U.S. dollar trend comment September 6, 2010

Indonesian rupiah against the U.S. dollar trend comment September 6, 2010
USD/IDR to trade in tight band after Bank Indonesia left rates unchanged at 6.5% Friday but raised banks'''' reserve requirement to 8% from 7.5%; could boost IDR if liquidity gets squeezed in Jakarta market. 'Many foreign names were buying IDR in the last minutes of trade--I guess to buy shares,' says dealer at local bank; tips USD/IDR pair in 8,980-9,010 range today. Dow Jones technical analysis shows immediate support at 8,935 (Aug 19 low), then 8,922 (Aug 5 low). Initial resistance at 9,045 (Aug 31 high), then 9,100 (July peak).