KONTAN.CO.ID - JAKARTA. The rupiah strengthened against the US dollar on Wednesday (11/07). Quoting Bloomberg at 10:20 WIB, the rupiah gained 0.25% to Rp 14,768 per US dollar. Monex Investindo analyst Futures Faisyal said the uncertainty of midterm elections in the US caused the position of the US dollar to weaken. On the other hand, the rupiah benefited from the easing of the Brexit issue after Britain and the European Union almost reached an agreement. For example, the European Union allows UK financial institutions to conduct activities with other European countries. "Concerns about global conflict have begun to diminish," said Faisyal.
Uncertainty about the US mid-term election pushed rupiah to Rp 14,768
KONTAN.CO.ID - JAKARTA. The rupiah strengthened against the US dollar on Wednesday (11/07). Quoting Bloomberg at 10:20 WIB, the rupiah gained 0.25% to Rp 14,768 per US dollar. Monex Investindo analyst Futures Faisyal said the uncertainty of midterm elections in the US caused the position of the US dollar to weaken. On the other hand, the rupiah benefited from the easing of the Brexit issue after Britain and the European Union almost reached an agreement. For example, the European Union allows UK financial institutions to conduct activities with other European countries. "Concerns about global conflict have begun to diminish," said Faisyal.