English
Japan
Indonesian Rupiah strengthened amid COVID-19 outbreak. (Image via Tempo.co)
IDR strengthens to Rp14,738/USD
On Monday’s foreign exchange (forex) spot market opening, Indonesian Rupiah (IDR) is seen at Rp14,738 against the U.S Dollar (USD). The rate strengthened by 0.27 percent compared to Friday’s closing rate at Rp14,778/USD. For today, IDR will move around Rp14,520 - Rp14.880/USD.Today, the majority of currencies in Asia – ASEAN regions also strengthened against the USD. Reportedly, the Japanese Yen (JPY) strengthened by 0.83 percent, Turkish Lira (TRY) by 0.64 percent, S. Korean Won (KRW) by 0.41 percent, and the Hong Kong Dollar (HKD) by 0.14 percent.
However, some currencies weakened instead. Thai Baht (THB) weakened by 0.39 percent, Malaysian Ringgit (MYR) by 0.37 percent, and the Singaporean Dollar (SGD) by 0.07 percent against the USD.
Meanwhile, the majority of currencies in the developed countries region reacted variously against the USD. Both Great Britain Pound sterling (GBP) and the European Union Euro (EUR) strengthened by 0.70 percent and 0.34 percent respectively. Meanwhile, the Australian Dollar (AUD) and the Canadian Dollar (CAD) weakened by 0.25 percent and 0.18 percent respectively against the USD.
Indonesian forex experts explained that the strengthening of IDR today is the result of the stimulus policy issued by the central bank of the U.S, Federal Reserve, in mitigating the global impact of the novel coronavirus (COVID-19).
Reportedly, the Fed has determined to cut the benchmark interest rate from 1.25 percent to 0.25 percent. Moreover, the central bank also launched a US$700 billion quantitative easing program, also to battle COVID-19. However, the speech of the Chairman of the Fed, Jerome Powell, indicated that the benchmark interest rate will be dovish, affecting USD’s depreciation.
Domestically, the announcement of February’s trade balance, projecting a US$90 million surplus, will support IDR higher.
Source: https://bit.ly/38TedGg
concerta oros generic cialis over counter usa women viagra lyrica coupons 75% off is viagra healthy what causes libido
cialis best timing effectiveness women viagra viagra over the internet herbs for low libido walgreens prescription coupons printable church women images viagra price vidalista 20 side effects good pills goodrx viagra price of viagra in mexico sildenafil 40 mg troches cialis vs viagra best energy supplement for men over 60 male libido supplements otc viagra dogs taking viagra walmart prescriptions price check viagra for men best natural substitute for viagra generic viagra 200 mg india generic viagra in the us buy viagra online female viagra without a doctor prescription caremark online prescriptions cheap vigora 100 pills viagra eyes viagra side effects how to sell my viagra contrave side effects on women
global pharmacy plus best prescription medication for weight loss amazon online shopping india website viagra tablet alternatives for cialis or viagra penile reconstruction before and after cialis 100 mg pills
alternatives for viagra walgreens viagra substitute viagra no prescription why cialis instead of viagra do male enhancements really work home remedies for ed erectile dysfunction
tadalafil onset of action flomax effects on ejaculation viagra boys zytenz scam how do i use cortana