Rupiah Strengthens Ahead of Constitutional Court Ruling
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The Indonesian Rupiah opened stronger against the United States Dollar (US$) on Wednesday, June 26th, at Rp 14,125. This continues a consecutive upward trend; the Rupiah strengthened to Rp 14,170 on Tuesday, June 25th, a 0.32% increase.
However, the Rupiah's strengthening is predicted to be limited. Ibrahim, the CEO of PT Garuda Berjangka, explained that market players are still awaiting the Constitutional Court's (MK) decision on the 2019 Presidential Election dispute. The final decision on the 2019 Presidential Election dispute is scheduled to be expedited to Thursday, June 27th.
Furthermore, an external factor that continues to influence the Rupiah is the anticipated monetary easing by the US Federal Reserve (The Fed).
"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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