Anticipation of a speech by the Chair of the Board of Governors of the U.S. Federal Reserve, Janet Yellen, has caused market players to adopt a wait-and-see approach. Investors are awaiting signals regarding The Fed's interest rate hike policy in the Federal Open Market Committee (FOMC) meeting scheduled for December 13-14, 2016. Furthermore, investors will remain cautious during the transition period until U.S. President-elect Donald Trump officially assumes office on January 20, 2017.
On November 17, 2016, the Jakarta Composite Index (JCI) of the Indonesia Stock Exchange closed slightly up by 7.55 points (0.15 percent) to 5,193.015 from the previous closing. Similarly, the Composite Bond Index (ICBI) on November 17, 2016, also closed up 0.2442 points (0.12 percent) to 207.229 from the previous day's position.
Meanwhile, the Indonesian Rupiah exchange rate on November 17, 2016, closed weaker by 28 points (0.21 percent) to Rp 13,373 per U.S. dollar from the previous day's closing.