Asian Currency Destroyed, Rupiah Soars To 14,543 Per US Dollar
Tabloid Nasional. The rupiah exchange rate was in the position of Rp14,543 per US dollar in spot market trading this morning, Friday (11/23). This position rose 37 points or 0.25 percent from yesterday afternoon, Thursday (11/22), at Rp14,580 per US dollar.
In the Asian region, the rupiah strengthened only with the Hong Kong dollar 0.04 percent. While the majority of other Asian currencies lean in the red zone.
Philippine peso weakened 0.14 percent, South Korean won minus 0.11 percent, Chinese renminbi minus 0.06 percent, Thai baht minus 0.05 percent, Japanese yen minus 0.04 percent, Malaysian ringgit minus 0.02 percent, and Singapore dollar minus 0.01 percent.
Meanwhile, the major currencies of developed countries are varied. The Russian ruble weakened 0.12 percent from the US dollar. Followed by the Canadian dollar and the Australian dollar, each minus 0.04 percent and minus 0.03 percent.
However, the British pound was stagnant. While the Swiss franc and the European euro rose 0.03 percent and 0.06 percent respectively.
CSA Research Institute analyst Reza Priyambada estimates the rupiah will close the weekend by strengthening because it is still taking advantage of the weakening US dollar. Uncle Sam's currency is expected to continue to weaken due to minimal new sentiment.
"In addition, the weakening of the US dollar occurred due to the Thanksgiving holiday, which helped support the strengthening of the rupiah," he said, Thursday (11/23).
The major currencies of developed countries are monitored as moving positively, especially the European euro as the agreement between the European Union and the British Exit / Brexit comes out. On the other hand, the strengthening of the euro Europe was also affected by the monthly meeting of the European Central Bank (ECB).
"This meeting will give an indication of the direction of ECB monetary policy going forward, including in helping banks to encourage economic growth in the European Zone," he explained.
In the Asian region, the rupiah strengthened only with the Hong Kong dollar 0.04 percent. While the majority of other Asian currencies lean in the red zone.
Philippine peso weakened 0.14 percent, South Korean won minus 0.11 percent, Chinese renminbi minus 0.06 percent, Thai baht minus 0.05 percent, Japanese yen minus 0.04 percent, Malaysian ringgit minus 0.02 percent, and Singapore dollar minus 0.01 percent.
Meanwhile, the major currencies of developed countries are varied. The Russian ruble weakened 0.12 percent from the US dollar. Followed by the Canadian dollar and the Australian dollar, each minus 0.04 percent and minus 0.03 percent.
However, the British pound was stagnant. While the Swiss franc and the European euro rose 0.03 percent and 0.06 percent respectively.
CSA Research Institute analyst Reza Priyambada estimates the rupiah will close the weekend by strengthening because it is still taking advantage of the weakening US dollar. Uncle Sam's currency is expected to continue to weaken due to minimal new sentiment.
"In addition, the weakening of the US dollar occurred due to the Thanksgiving holiday, which helped support the strengthening of the rupiah," he said, Thursday (11/23).
The major currencies of developed countries are monitored as moving positively, especially the European euro as the agreement between the European Union and the British Exit / Brexit comes out. On the other hand, the strengthening of the euro Europe was also affected by the monthly meeting of the European Central Bank (ECB).
"This meeting will give an indication of the direction of ECB monetary policy going forward, including in helping banks to encourage economic growth in the European Zone," he explained.
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