Reported 23 days ago
As the Federal Reserve is anticipated to cut interest rates, foreign investments are flowing into Indonesian debt, boosting optimism for the rupiah. Strategists predict the currency could strengthen to as much as 15,000 per dollar by the year's end, reflecting a significant recovery from its earlier slump. This optimism stems from a favorable yield gap and substantial foreign capital inflows, with expectations of further gains should the Fed's easing cycle progress.
Source: YAHOO