"The two countries` hope to achieve a trade agreement has prompted interests in risky currencies and has had an impact on the rupiah`s appreciation," chief researcher of Monex Investindo Futures, Ariston Tjendra, stated here on Monday.
On the other hand, a dovish statement by Chief of the Federal Reserve Jerome Powell on his flexibility over the Fed rate hike also added to the rupiah`s appreciation, he noted.
"The Fed`s view serves as a bullish factor for assets in risky currencies," he added.
Valbury Asia Futures analyst Lukman Leong remarked that the ongoing partial government shutdown is also one of the factors putting pressure on the US dollar in the global market.
"The market sees the (partial) US government shutdown to slow down its economy," he explained.
Internally, relatively conducive sentiment helped prompt the rupiah to appreciate higher, he revealed.
According to Bank Indonesia (BI), the rupiah strengthened to Rp14,105 per dollar on Monday compared to Rp14,350 per dollar last Friday.
Reporting by Zubi Mahrofi
Editing by Suharto
Reporter: Antara
Editor: Suharto
Copyright © ANTARA 2019
