Peaceful Trade to the Wiranto Attack, Rupiah Only Strengthens 0.05% in a Week
Sorry, an error has occurred
For now, this data cannot be displayed. We are trying to fix it.
Back to Home- A Small
- A Medium
- A Bigger
The Indonesian Rupiah appreciated slightly against the US dollar by 0.05% over the week. On Friday (October 11th), the Rupiah strengthened to Rp 14,128/US$ from Rp 14,135/US$ on Friday (October 4th).
Ibrahim, Director of Garuda Berjangka, stated that the strengthening of the Indonesian currency was influenced by the planned trade peace talks between the United States and China. US President Donald Trump claimed that the US would make a very good negotiation with China.
However, the easing of trade war tensions between these two economic giants did not significantly affect the Rupiah's strengthening this week. This is because internal sentiment also influenced the Rupiah's movement. Firstly, there was a downward revision of Indonesia's economic growth projection from 5.1% to 5%. Secondly, there was widespread news coverage of the attack on the Coordinating Minister for Political, Legal, and Security Affairs, Wiranto. Both of these factors caused concerns among market players, thus influencing the Rupiah's movement this week.
"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."
Related Data
Latest Data Stories
