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Rupiah Climbs as Trade War Fear Defuses

Translator

Editor

28 August 2018 11:28 WIB

Rupiah, Indonesia's currency. ANTARA/M Agung Rajasa

TEMPO.CO, Jakarta - The rupiah's interbank rate in Jakarta this morning appreciated. The rupiah was traded for 14,594 per US dollar.

Senior analyst at CSA Research Institue Reza Priyambada said here that the currency managed to climb as investors' fear over the trade war between the US and its partners diffuses—keeping the dollar strengthening at bay.

"The trade deal between the US and Mexico is responded well by the market; lifting investors' confidence in emerging markets' assets," he said.

Investors' confidence also stems from The Fed's statement last week about a gradual interest hike that reduces uncertainties about the central bank's interest rate policy plans.

ANTARA




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