the Value of the rupiah exchange rate on a trade in the spot market this morning, Wednesday (6/5) rose 0.11% to a level of Rp 15.060 per dollar United States (U.S.). The strengthening of the exchange rate induced market optimism welcomed the policy easing of the quarantine region (lockdown) a number of countries which have an impact back despite a slowdown in economic activity.
Along with the rupiah, some Asian currencies rose this morning. According to Bloomberg, the Japanese yen rose 0.25%, the Hong Kong dollar is 0.02%, and Indian rupee of 0.11%.
While the Asian currencies, seem to be weakening this morning. The Singapore dollar was down 0.06%, Taiwan dollar 0.08 percent, the Korean won Selaatn of 0.17%, the Philippine peso 0,07%, the Chinese yuan, to 0.38%, Malaysian ringgit to 0.06%, and Thai baht to 0.04%.
this Article has been published in Katadata.co.id with the title "the Optimism of Easing the Lockdown Lift the Rupiah to Rp 15.060 per U.S. Dollar" , https://katadata.co.id/berita/2020/05/06/optimisme-pelonggaran-lockdown-angkat-rupiah-ke-rp-15060-per-dolar-as
Author: Agatha Olivia Victoria
Editor: Ekarina