Ahead of the End of the Year and Christmas, the Rupiah is Predicted to Strengthen

Indonesia Kanal. The economic data of the United States (US) which tends to be flat makes the rupiah stronger. Thursday (12/13/2018) yesterday, the exchange rate of Garuda in the spot market strengthened 0.69 percent to Rp. 14,497 per US dollar. While the Jakarta Interbank Spot Dollar Rate (Jisdor) rate also rose 0.28 percent to Rp. 14,536 per US dollar. Monex Investindo Futures analyst Putu Agus Pransuamitra said the strengthening of the rupiah was triggered by the release of inflation in the US consumer sector in November, which was stagnant at 0 percent. This figure is lower than the previous month's CPI. "These results indicate the intensity of the increase in the benchmark interest rate will decrease in the next year," he said yesterday.

While Bank Mandiri Money Market Analyst Reny Eka Putri said, the tension of the trade war also fell. This is thanks to the statement of US President Donald Trump who said that he would not increase import tariffs on Chinese products. The positive sentiment is believed to continue this Friday (12/14/2018). At the close of the trade, the dollar index rose slightly to 97.06 from Wednesday at 97.04. This index reflects the exchange rate of the US dollar against major world currencies. Reny predicts that the rupiah will strengthen and move in the range of IDR 14,410 - IDR 14,500 per US dollar. Whereas Putu predicts the rupiah will move in the range of Rp. 14,420 - Rp. 14,580 per US dollar. This news has been aired on Kontan.co.id with the title Rupiah exchange rate has the potential to strengthen ahead of the weekend

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