The rupiah traded among banks in Jakarta on Friday morning weakened by 11 basis points to Rp 11,705 per US dollar. Monex Investindo Futures analyst Zulfirman Basir said that because market players were worried about the escalating conflict in Ukraine, currencies in emerging markets were weakening.”Ukraine accuses Russia for attacking the border area and this diminishes hope for a peaceful solution. Continuous conflicts will hamper the growth of the global economy,” Zulfirman said in Jakarta on Friday as quoted by Antara news agency. He also said that investors were observing the country’s political condition with caution, as market players …read more
Source: The Jakarta Post
