Rupiah traded among banks on Tuesday morning in Jakarta strengthened slightly by four basis points to Rp 11,671 per US dollar from the previous Rp 11,675 per dollar. Monex Investindo Futures research head Ariston Tjendra said the domestic currency appreciated following market optimism that Russia-Ukraine tensions would ease. The condition has increased demand for risky assets, including the rupiah.”The market sentiment has shifted to risky assets as market players see easing geopolitical sentiment,” Ariston said in Jakarta on Tuesday as quoted by Antara news agency. On the other hand, he said that conflict in Iraq as well as a …read more
Source: The Jakarta Post
