Reported 2 months ago
Indonesia's rupiah has strengthened past the critical threshold of 16,000 per dollar for the first time since May, supported by a weakening dollar and efforts from officials to reassure investors regarding fiscal policies. The currency rose by 0.6%, bolstered by strong economic growth and healthy foreign reserves, despite past concerns about fiscal deficits. Analysts suggest continued vigilance is needed due to potential geopolitical tensions and upcoming U.S. election developments.
Source: YAHOO