Ahead of the FOMC Meeting, the Rupiah Weakens Against the US Dollar
FaktaId . The rupiah exchange rate traded between banks in Jakarta on Friday (12/14/2018) morning fell 55 points to Rp14,554 compared to the previous position of Rp14,499 per US dollar. While the rupiah exchange rate movements on Thursday, the afternoon strengthened by 102 points to Rp14,499 compared to the previous Rp14,601 per US dollar. Head of Monex Investindo Futures Research, Ariston Tjendra in Jakarta, said money market players tend to take a "wait and see" position ahead of the Federal Open Market Committee (FOMC) meeting on December 18-19. "Although the level of confidence in the Fed's rate hike is declining, it cannot be assumed that the Fed does not raise interest rates, which makes the market position 'wait and see' transactions in risky currency assets tend to decline," he said. On the other hand, he continued, the market was also still overshadowed by the turmoil of a trade war even though at this time the relative tension had begun to subs...