Rupiah Strengthens Ahead of 2019 Presidential Election Dispute Ruling
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The Indonesian Rupiah strengthened against the US dollar in spot trading. The Rupiah opened at Rp 14,175 per US dollar on Thursday morning (June 27th) and strengthened to Rp 14,170 per US dollar at 12:00 WIB (Western Indonesian Time).
Eko Listiyanto, Deputy Director of the Institute for Development of Economics and Finance (Indef), assessed that market players are awaiting the results of the 2019 Presidential Election dispute hearing at the Constitutional Court (MK). However, the impact of the MK hearing on the Rupiah's exchange rate movement is not significant. The Rupiah is more influenced by global sentiment ahead of the meeting between US President Donald Trump and Chinese President Xi Jinping at the G20 Summit in Osaka, Japan, this weekend.
"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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