Rupiah Weakens Again
JurnalHub. The movement of the rupiah exchange rate traded between banks in Jakarta on Friday morning again weakened. The rupiah weakened 55 points to Rp. 14,554 compared to the previous position of Rp. 14,499 per US dollar.
Head of Monex Investindo Futures Research, Ariston Tjendra said money market players tend to take a wait and see position ahead of the Federal Open Market Committee (FOMC) meeting on December 18-19. "Although the confidence level of the Fed's interest rate decrease, but it cannot be assumed that the Fed does not raise interest rates, which makes the market position wait and see transactions in risky currency assets tends to decline," he said.
On the other hand, he continued, the market was also still overshadowed by the turmoil of a trade war even though at this time the relative tension had begun to subside. "A trade war is expected to continue until 2019," he said.
In addition, he continued, the US dollar was also supported by increased employment data in the United States, so that opportunities for US economic growth were quite open.
Samuel Aset Management economist Lana Soelistianingsih added, this morning Asian currencies such as the Hong Kong dollar and Singapore dollar moved lower against the US dollar, a condition that also became a negative sentiment for the rupiah. "Nevertheless, the movement of the rupiah is still under Bank Indonesia's safeguards so that the fluctuations are relatively stable," he said.
Head of Monex Investindo Futures Research, Ariston Tjendra said money market players tend to take a wait and see position ahead of the Federal Open Market Committee (FOMC) meeting on December 18-19. "Although the confidence level of the Fed's interest rate decrease, but it cannot be assumed that the Fed does not raise interest rates, which makes the market position wait and see transactions in risky currency assets tends to decline," he said.
On the other hand, he continued, the market was also still overshadowed by the turmoil of a trade war even though at this time the relative tension had begun to subside. "A trade war is expected to continue until 2019," he said.
In addition, he continued, the US dollar was also supported by increased employment data in the United States, so that opportunities for US economic growth were quite open.
Samuel Aset Management economist Lana Soelistianingsih added, this morning Asian currencies such as the Hong Kong dollar and Singapore dollar moved lower against the US dollar, a condition that also became a negative sentiment for the rupiah. "Nevertheless, the movement of the rupiah is still under Bank Indonesia's safeguards so that the fluctuations are relatively stable," he said.
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