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Oil Prices Fall, Dollar Wild, Stocks Shaken

Jakarta

The world’s financial and commodity markets were suddenly shaken. The reason is, the number one person in the United States (US), the President Donald Trump, positive for the Corona virus.

Trump and his wife, Melania, immediately underwent self-quarantine starting after the results of the Corona test came out. Investors were shocked by this news.

As a result, world financial and commodity markets were volatile. One of them is the US dollar.

This morning The Greenback had weakened, but this afternoon it strengthened against the rupiah. Moving up and down like a wild horse.

As of 13.00 WIB this afternoon, the US dollar was at the level of Rp.14,850. Strengthened by about 0.2% after weakening this morning.

This morning the exchange rate of the US dollar (US) against the rupiah was at the level of Rp. 14,765. This figure was recorded to have decreased by 184 points (1.17%).

Additionally, stock index futures for the S&P 500 EScv1 were down 1.21% on Asian markets, while treasury yields also fell.

Stock index futures consist of selected stocks of an index traded on international stock markets. This index is also often an indicator of a country’s economy.

The Dow Jones Industrial Average stock index futures were also down 435 points.

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