Rupiah remains in positive area on Friday

Rupiah remains in positive area on Friday

(Photos file) - The Indonesian rupiah appreciated by 23 points to Rp14,065 per US dollar at the Jakarta Interbank Spot Dollar Rate (Jisdor) on Friday morning, Jan 11, 2019, as compared to Rp14,088. (ANTARA FOTO/Rivan Awal Lingga/ama)

Jakarta (ANTARA News) - The Indonesian rupiah appreciated by 23 points to Rp14,065 per US dollar at the Jakarta Interbank Spot Dollar Rate (Jisdor) on Friday morning, Jan 11, as compared to Rp14,088.

"The rupiah is still in the positive area amid sentiment towards the Fed`s dovish rate policy," CSA Research Institute`s senior analyst Reza Priyambada noted here on Friday.

Priyambada pointed out that market investors were of the thought that The Fed would be aggressive, but based on a report in December last year, it tended to be dovish, which had reduced anxiety in the emerging markets.

Moreover, the market`s optimism towards the result of the US-China trade negotiation had positively impacted currencies in developing countries.

"A trade deal will impact global economic improvement, including in Indonesia," Priyambada noted.

Domestically, market investors have also responded positively to Indonesia`s Deposit Insurance Corporation rate hike to 25 basis points.

"Although the rupiah may continue to appreciate, but it is risky enough to turn into depreciation, following the release of some positive US economy data," Priyambada added.


Reporting by Zubi Mahrofi
Editing by Azizah Fitriyanti

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