"During trading activities today, the rupiah may continue to strengthen until the end of the year," Director of PT Garuda Berjangka Securities Ibrahim Assuaibi projected in Jakarta, Monday.
He forecast the rupiah to hover between Rp13,920 per US Dollar and Rp13,970 per US Dollar.
Ahead of the year-end holidays, investors may choose to adopt a wait-and-watch policy amid the market slowdown. In the meantime, on the external front, market optimism has risen following the first phase of trade deal between China and the United States announced this month. However, both nations have yet to formally ink the deal. (INE)