Rupiah Opens Stronger at Rp 13,965/US$ (December 23)
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The Indonesian Rupiah strengthened by 0.08% to Rp 13,965 per US dollar at the start of the week, ahead of the year-end closing. This strengthening was partly driven by the increasingly positive outlook on the US-China trade war.
Quoting *Bloomberg*, several Asian currencies also strengthened against the US dollar: the Japanese Yen rose 0.02%, followed by the Taiwan dollar and Philippine Peso by 0.05%, and the Thai Baht by 0.01%.
However, the majority of Asian currencies weakened. The Hong Kong dollar fell 0.01%, the Singapore dollar 0.04%, the South Korean Won 0.07%, the Indian Rupee 0.11%, and the Chinese Yuan and Malaysian Ringgit each fell by one point.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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