Putting aside the trade war, the Indonesian forex experts pointed out that the stable condition of the domestic economy supported IDR’s rate.

The weakening of IDR was mainly caused by the uncertainty of the “Phase One” negotiation between the U.S and China.

Amid the strengthening of IDR, Indonesian forex experts thanked the positive signal from the trade negotiation between the U.S and China.

Either way, GI’s management will have to get the signature of the stakeholder in the extraordinary general shareholders meeting (RUPSLB) on 22 January 2020. The fundraising is believed to extend GI’s debt profile.

Assuring the forex players, the experts hinted that the weakening will be temporary since the positive sentiments in the trade war between the U.S and China might bring back fresh energy for the IDR.

The price might be to blame. Jokowi said that Indonesian people should support domestic stuff despite the price.

The message was not for Isuzu’s ears only but also for all automotive manufacturers in Indonesia.

While the negotiation is still up in the air, the positive signal from the trade war lifted IDR up to lower than Rp14,000/USD.

Let's hope the Phase One negotiation will be wrapped up soon.

Approaching Rp14,000/USD, Indonesian forex experts saw that IDR is still relying on the trade war negotiation between the U.S and China.

From coffee to textile, the trade war is pushing Indonesia from every side. Micro, small, medium enterprises to the rescue!

However, IDR will find it difficult to thrive because the negotiation is still up in the air.