the Value of the exchange rate on trading the spot market this morning, Wednesday (1/7) rose 0.14 percent to a level of Usd 14.245 per dollar United States (U.S.). This reinforcement occurred as investor optimism related to the reallocation of stimulus funds impact Covid-19 from the government and the central bank or The Federal Reserve (The Fed). 

Although opened higher at 10.35 PM the rupiah weakened 0.21 percent to Rp 14.295 per U.S. dollar. According to Bloomberg, almost all Asian currencies strengthened against the U.S. dollar this morning.

the Japanese Yen up 0.16%, Hong Kong dollar by 0.01%, the Singapore dollar by 0.04%, Taiwan dollar 0.26 percent, and the South Korean won 0.31 percent. Next, there is the Philippine peso gained 0.07 percent followed by Indian rupee 0.1 percent, China's yuan to 0.05%, and Malaysian ringgit 0.14 percent. Only the Thai baht, which dropped to 0.09%.

this Article has been published in with the title "Investor Optimism about The Fed Comments Lift the Rupiah to Rp 14.245" ,
Author: Agatha Olivia Victoria
Editor: Ekarina