Indonesia — News Archive


Indonesian Rupiah Weakens on Fed Interest Rate Hike Bets

The Indonesian rupiah fell along with most other Asian currencies against the US dollar today amid bets on an interest rate hike from the Federal Reserve in the near future.

Market Sentiment Beneficial to Indonesian Rupiah

The Indonesian rupiah rallied to the highest level in about five months today as the market sentiment was positive and helpful to currencies of emerging markets.

Indonesian Rupiah Rallies, Future Still Looks Bleak

The Indonesian rupiah rallied against the US dollar strongly, rising more than 1 percent today. Yet analysts are still worried that the future looks bleak for the currency.

Indonesian Rupiah Gains as Court Supports Election Outcome

The Indonesian rupiah advanced today after the country’s Constitutional Court ruled in favor of Joko Widodo, rejecting challenges against the outcome of the July presidential elections.

Indonesian Rupiah Bounces to Two-Month High

The Indonesian rupiah climbed today, touching the highest level in two months, as it was announced that Joko Widodo is the victor in the nation’s presidential elections. This gives hope that political uncertainty will not be driving investors away from nation’s assets any longer.

Indonesian Rupiah Drops due to Contested Elections Result

The Indonesian rupiah dropped today as the result of this month’s presidential election was contested by one of the candidates, who said that the voting was undemocratic and unfair.

Bank Indonesia Encourages Rupiah to Depreciate

The Indonesian rupiah fell today as the nation’s central bank signaled that it encourages weakness of the currency as it should help local exporters and improve the trade balance.

Rupee & Rupiah Continue to Fall on Conflict in Iraq

Asian currencies declined today as the conflict in Iraq kept driving prices for crude oil higher, endangering economies of emerging markets. The Indian rupee and the Indonesian rupiah led the decline.

Indonesian Rupiah Suffers from High Oil Prices & Dollar Hoarding

The Indonesian rupiah dropped today on concerns that rising oil prices will hurt the trade balance and on speculations that importers were hoarding dollar.

Indonesian Trade Deficit Leads to Losses for Rupiah

The Indonesian rupiah dropped today on speculations that the growing trade balance deficit will spur overseas investors to pull their money out of the nation’s economy, diminishing the appeal of Indonesia’s assets.