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What is Rupiah about?

The rupiah rate against the US dollar is above the resistance level of Rp. 12,160 per USD and is trying to strengthen further, though it remains vulnerable to reversals. The rupiah appreciated previously in response to positive data from Germany and France impacting the euro rate. Weak US economic data may also weaken the dollar. Meanwhile, a stronger yen from rising Japanese investment can weaken the dollar and boost the rupiah.

Author

Hendra Agung

Language

EN