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Rupiah Rallies as Indonesia Readies for Elections

May 14, 2014 at 11:39 by Vladimir Vyun

Three rows of 5,000, 50,000 and 100,000 Indonesian rupiah notesThe Indonesian rupiah rallied on speculations that the presidential candidates are going to announce their vice presidential nominee today. The general market sentiment was also positive for the currency.

The candidates for presidency are expected to name their running mates today. This should reduce political uncertainty, improving the investment climate for rupiah. The market sentiment was in a risk-on mode, providing additional support for currencies of emerging markets.

USD/IDR declined from 11,540 to 11,447 as of 11:39 GMT today.

If you have any questions, comments or opinions regarding the Indonesian Rupiah, feel free to post them using the commentary form below.

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