Business · Markets · 15 hrs ago

Rupiah slips to 18,103 per US dollar

Rupiah slips to 18,103 per US dollar

The rupiah fell to 18,103 per US dollar on Monday morning, November 9.

That was a drop of 14 points, or 0.08%, from the previous trading session.

Asian currencies moved in mixed directions, with the Chinese yuan and Philippine peso among those that weakened while the Japanese yen and South Korean won rose.

Currency analyst Lukman Leong said strong US jobs data lifted the dollar, putting pressure on the rupiah.

He said hopes for peace in the Middle East could limit the rupiah's decline.

Leong expected the rupiah to trade between 18,100 and 18,150 per dollar during the day.

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Lukman LeongDOO Financial Futures currency analyst
The rupiah is expected to weaken against the US dollar, which strengthened after US employment data, or NFP, was much better than expected. However, strong hopes for peace in the Middle East could limit the decline.
via CNN Indonesia