Jakarta, hitclubapk3 Indonesia
—
Rupiah exchange rate
opened at IDR 16,670 per
US dollars
in spot market trading on Tuesday (25/11).Garuda’s currency rose 27 points or plus 0.17 percent.
Asian currencies vary.The Philippine peso fell 0.07 percent, the Japanese yen rose 0.01 percent, the Singapore dollar minus 0.02 percent, the South Korean won plus 0.09 percent, and the Thai baht rose 0.05 percent.
Likewise, the main currencies of developed countries varied.The European euro was plus 0.07 percent, the Swiss franc rose 0.04 percent, the Australian dollar rose 0.09 percent, and the Canadian dollar was stagnant.
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Doo Financial Futures analysts said the rupiah strengthened against the US dollar amid risk-on sentiment due to the increasing prospect of interest rate cuts following Fed official Christopher J. Waller.
“Waller said that cutting interest rates next December is necessary for the US economy at this time,” he told hitclubapk3Indoenesia.com.
Today, he estimates the rupiah will move in the range of IDR 16,600 – IDR 16,750 per US dollar.
[Gambas:hitclubapk3 Video]
(fby/augt)
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