The Indonesia rupiah 'checks that box' as it is not that far out the risk spectrum while also being a high-yielding currency that can be funded with a lower-yielding one, says Goldman Sachs' Zach Pandl.
The rupiah, which was at 14,010 per dollar on Wednesday morning Asia time, has risen more than 2.5% so far this year.
"That makes us comfortable moving a little bit out of the risk spectrum into some exchange rates that we've been steering clear from ... for the prior year," Pandl said.
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