Trump's failed impeachment drives rupiah to rise

Trump's failed impeachment drives rupiah to rise

Photo Illustration: A foreign exchange worker showed the rupiah in Jakarta. ANTARA FOTO/Puspa Perwitasari/gtm

Jakarta (ANTARA) - Indonesia's rupiah closed higher by 55 points, or 0.41 percent, to Rp13,635 against the United States dollar on Thursday evening, following the failed impeachment of the U.S President Donald Trump.

According to PT TRFX Garuda Berjangka Director, Ibrahim Assuaibi, in Jakarta, the failed impeachment sends a positive signal to the global market.

"There is hope more policies supporting economic growth will be executed by Trump, and it will keep global economic growth high," Assuaibi said.

Apart from Trump's failed impeachment, traders and investors see the Coronavirus outbreak brought under control, and it sends a positive signal to the market, he added.

On Thursday morning, the rupiah opened higher Rp13,655 against the dollar. Throughout the day, the Indonesian rupiah moved within the range Rp13,610 to Rp13,670 against the U.S dollar.

Meanwhile, according to Bank Indonesia's exchange rate, the rupiah climbed Rp13,662 against the dollar, while the day before, it was recorded at Rp13,717. Related news: China injects US$174 bln into markets, Rupiah strengthens
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