Rupiah Strengthens to Rp18,062, Observers Highlight Slowing Retail Sales and Purchasing Power
9 Articles
9 Articles
Previously, the rupiah had strengthened by 35 points, an improvement over the previous closing level of Rp18,085.
The rupiah exchange rate at the close of trading on Tuesday strengthened slightly by 23 points, or 0.13%, to Rp18,062 per US dollar, amidst the dynamics of global and domestic sentiment.
JPNN.com, JAKARTA - The rupiah exchange rate against the US dollar at the opening of trading on Tuesday strengthened by 16 points or 0.09 percent.
Rupiah Strengthens to Rp18,069 per US Dollar as Domestic Sentiment Improves and Global Oil Prices Fall
The rupiah's strengthening movement is in line with the trend of the majority of currencies in the Asian region, which are also moving in the green zone this morning.
KResearch reports that the Thai baht strengthened this morning (November 10th), testing the 33.40 baht per dollar level from the previous closing rate of 33.54 baht. This was driven by lower global oil prices amid hopes of a resolution to the Middle East situation. The estimated trading range for today is 33.35-33.50 baht per dollar. Attention is focused on US CPI inflation figures and the stance of Federal Reserve officials. The post Baht Opens…
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