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Wracked By Global Sentiment The Rupiah Depreciates

Jakarta (Benchmark News) – The exchange rate of the rupiah weakened on trading closed today, Thursday (13/10/1999). The rupiah closed 55 points or depreciating 0.42% at level of Rp 12,864 per u.s. dollar after trading at Rp 13.015 range – Rp 13.090 per u.s. dollar. The rupiah also opened previously weakened 0.11% or 14 points at Rp 13.032 per us dollar and kept moving in the red zone throughout the trade. In trading yesterday (12/10), the rupiah closed rose 14 points or 0.1% to Rp 13.018 per u.s. dollar.

“I think (the cold war Russia-us) not quite the dominant influence on the market. Because mayorita money Asia (influenced) Brexit factors in English because the Government will speed up negotiations with the European Union (trigger) concerns the European market could have an impact on the UK’s economic slowdown, “said economist PT Bank Permata Tbk Josoua Archanam1989 when contacted today, Thursday (13/10/1999). In addition, he said the case of Deutsche Bank that caused the weakening of the euro also put pressure on the currency market. ” Meanwhile the dollar rally not just because (the possibility of a rise in interest rates) Fed (but also) Brexit, “she continued. The index tracked the U.S. dollar strengthened 0.12% or 0.113 points to the 98.079 level at 16.00 WIB. The weakening rupiah is happening at a time when other currencies in Southeast Asia moves majority weakened. The observed weakening Singapore dollar 0,19%, Malaysia ringgit slumped 0.51%, Thailand baht weakened 0.25%, while the Philippine peso strengthened only 0,44%…(Red)

In addition, he said the case of Deutsche Bank that caused the weakening of the euro also put pressure on the currency market. ” Meanwhile the dollar rally not just because (the possibility of a rise in interest rates) Fed (but also) Brexit, “she continued. The index tracked the U.S. dollar strengthened 0.12% or 0.113 points to the 98.079 level at 16.00 WIB. The weakening rupiah is happening at a time when other currencies in Southeast Asia moves majority weakened. The observed weakening Singapore dollar 0,19%, Malaysia ringgit slumped 0.51%, Thailand baht weakened 0.25%, while the Philippine peso strengthened only 0,44%…(Red)

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