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Thursday, 17 Oct 2019

The Cause of Rupiah Weakens to IDR 14,175 Per Dollar

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News24xx.com - The exchange rate of the rupiah weakened again in front of the United States dollar (US), Tuesday 8 October 2019. Quoting Bloomberg at 8.06 a.m., the rupiah to IDR 14,175 per US dollar or weakened 0.08%.

Bank Permata economist Josua Pardede said the weakening of yuan made the currency exchange rate in Asia dragged down, including rupiah.

The Chinese government has rejected a number of US demands and made trade negotiations between the two countries hot again.

Bank Central Asia (BCA) economist David Sumual added, conditions worsened after the US decided to raise import tariffs on goods from the European Union worth US $ 7.5 billion.

Market participants are still waiting for the direction of US and European relations.

Asia Trade Point Futures Analyst Deddy Yusuf Siregar rate, the burden of the rupiah is getting heavier because Indonesia's foreign exchange reserves in the September period fell US $ 2.1 billion to US $ 124.3 billion.

 

 

 

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