The rupiah traded among banks in Jakarta on Monday morning depreciated by 10 basis points to Rp 11,683 per US dollar. Monex Investindo Futures head of research Ariston Tjendra said that rupiah weakened after the US Federal Reserve governor announced that the country might accelerate the Fed rate hike plan after the US saw improvement in its economic data.”That announcement is in line with the result of the Federal Open Market Committee meeting, which says that the US employment market is closing in on the country’s target. The employment market is the main consideration of the US for deciding its …read more
Source: The Jakarta Post
