JAKARTA. The rupiah has continued its positive move by regaining the 13,600 level on Monday morning as the US dollar retreated amid disappointing US gross domestic product (GDP) data. After scoring a 0.7 percent rise to 13,778 per US dollar on Friday last week, the rupiah on Monday morning strengthened by another 0.7 percent to Rp 13,697 as of 9 a.m. Monex Investindo Futures researcher and analyst Faisyal said the US dollar was under pressure after US economic growth slowed to 0.7 percent in the last quarter of last year.
Rupiah strengthens 0.7% to regain 13,600 level
JAKARTA. The rupiah has continued its positive move by regaining the 13,600 level on Monday morning as the US dollar retreated amid disappointing US gross domestic product (GDP) data. After scoring a 0.7 percent rise to 13,778 per US dollar on Friday last week, the rupiah on Monday morning strengthened by another 0.7 percent to Rp 13,697 as of 9 a.m. Monex Investindo Futures researcher and analyst Faisyal said the US dollar was under pressure after US economic growth slowed to 0.7 percent in the last quarter of last year.