Rupiah - The rupiah exchange rate at market open this morning, Wednesday (4/12) rose by 0.04% to a level of Usd 14.110 per dollar United States (U.S.).
However, shortly after it opened, the rupiah fell immediately to the level of Usd 14.120 per US dollar, due to the depressed global sentiment, as U.S. trade with China continues unabated until the conflict is Trump with other countries.
According to Bloomberg, the Singapore dollar fell to 0.04%, Taiwan dollar 0.07 percent, South Korean won 0.56 percent, the Philippine peso 0,22%, Indian rupee by 0.03%, the Chinese yuan, of 0.31%, the Malaysian ringgit 0.13 percent, and the Thai baht by 0.07%.
While the Japanese yen gained 0.12 percent followed by the strengthening of the Hong Kong dollar by 0.01%.
Vice President of Monex Investindo Futures Ariston Tjendra stated, the rupiah still has the potential to return depressed today.
"Especially because the market worries about completion of a trade war US-China and the emergence of the problem a new trade AS with other countries," says Tjendra to katadata.co.id, Wednesday (4/12).
Rupiah - The rupiah has dropped 0.07% to the level of Usd 14.045 on trading in the spot market, Wednesday (30/10).
The Japanese Yen rose 0.06%, Taiwan dollar 0.11%, to Philippine peso one point, the Indian rupee to 0.06%, China's yuan one of the points, ringgit Malaysia one point, and Thai baht to 0.08%
Meanwhile, the dollar hong kong down 0.01%, the Singapore dollar by 0.01%, and the South Korean won of 0.46%.
Vice President of Monex Investindo Futures Ariston Tjendra rate, the rupiah is likely to consolidate today.
He predicted the rupiah today could potentially move between Rp 14.020 - Rp 14.070 per U.S. dollar.
"The market is looking forward to the decision of the US Central Bank, The Federal Reserve (The Fed) Thursday early morning," says Tjendra to Katadata.co.id, Wednesday (30/10).
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This project is to connect two important holy places of Dera Baba Nanak on the Indian side with Gurudwara Kartarpur Sahib on the Pakistan side.
This project has remained pending for years before a call was taken by Prime Minister Modi.
It is to be noted that the construction of this corridor was first proposed when former prime minister Atal Bihari Vajpayee took a bus ride to Lahore in 1999.
Ever since the foundation stone for the project was laid on November 26, 2018, by the Vice President of India M. Venkaiah Naidu, work on both sides of has been fast-tracked.
The highway is expected to be completed by September 30, 2019.
As per the official estimates, this project is also expected to be completed by 31st October, before the commemoration of 550th birth anniversary of Guru Nanak Dev in November 2019.
