Jakarta, CNBC Indonesia – The rupiah exchange rate finally strengthened against the United States dollar (US) on Monday trade (5/10/2020), even though it had previously entered the red zone.
The improving sentiment of market players in response to the improvement in the health of the US President, Donald Trump, is the support for the strengthening of the rupiah.
Launching Refinitiv data, the rupiah opened trade by strengthening 0.2% to Rp.14,800 / US $ and had increased to 0.28% to Rp.14,789 / US $.
This level was the strongest until mid-trading today, the strengthening of the rupiah was corrected and even weakened 0.03% to Rp 14,835 / US $.
An hour before the close of trade, the rupiah regained strength until it ended at Rp 14,790 / US $.
The majority of major Asian currencies have strengthened in today’s trade, meaning that the US dollar is being sluggish. With a 0.27% strengthening, the rupiah won third place today. As of 15:07 WIB, only the South Korean won and the Taiwan dollar had stronger gains than the rupiah.
Yuan China is still not competing due to the holidays until October 8. Meanwhile the Japanese yen weakened on this finger, which confirms that market participants’ sentiment is improving.
Following is the movement of the US dollar against major Asian currencies.
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