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Trump factor thumps Indonesian, Malaysian currencies

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A teller at a money changer handles Indonesia rupiah bank notes in Jakarta on Nov. 11.   © Reuters

SINGAPORE -- The Indonesian and Malaysian currencies weakened sharply in Friday morning trading, as Donald Trump's shock election victory jolted U.S. interest rates.   

With the prospect of a capital exodus looming over the Southeast Asian countries, the Indonesian rupiah approached 13,500 per dollar, down from the previous day's 13,100 level and the weakest point since June 27. The Malaysian ringgit, meanwhile, plunged to 4.298 per dollar, its lowest value since Jan. 26.

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