The rupiah traded among banks in Jakarta on Wednesday morning appreciated by five basis points to Rp 11,678 per US dollar, from the previous Rp 11,683 per dollar. PT Platon Niaga Berjangka finance market analyst Lukman Leong said that the strengthening of the domestic currency was driven by the ease of geopolitical tensions in Ukraine. “The appreciation of rupiah was mainly caused by global sentiments. However, we still have to be cautious about sentiments from the domestic market,” Lukman said in Jakarta on Wednesday, as quoted by Antara news agency. Based on the situation, Lukman predicted that the rupiah would …read more
Source: The Jakarta Post
