JAKARTA. The rupiah exchange rate on Monday morning had weakened by 122 points to Rp 14,038 per US dollar from Rp 13,916. NH Korindo Securities Indonesia head of research Reza Priyambada said that the US dollar had appreciated again against the majority of Asian currencies on Monday morning as there was a possibility that the US Federal Reserve (Fed) would increase its fund rate in September. “Although it is doubtful that the Fed will increase its fund rate considering that the global economy has continued to slow down, market players are still wanting accumulate US dollars,” he said as quoted by Antara in Jakarta on Monday.
Rupiah weakens to 14,038 per dollar
JAKARTA. The rupiah exchange rate on Monday morning had weakened by 122 points to Rp 14,038 per US dollar from Rp 13,916. NH Korindo Securities Indonesia head of research Reza Priyambada said that the US dollar had appreciated again against the majority of Asian currencies on Monday morning as there was a possibility that the US Federal Reserve (Fed) would increase its fund rate in September. “Although it is doubtful that the Fed will increase its fund rate considering that the global economy has continued to slow down, market players are still wanting accumulate US dollars,” he said as quoted by Antara in Jakarta on Monday.