Market Pulse
The Calm Before The Storm?

Jakarta's mass rally two Fridays ago has not weakened the rupiah nor the Jakarta Composite Index (JCI). When the markets closed on Monday, the rupiah and the JCI actually strengthened, with the rupiah reaching Rp13,440 per US dollar from Rp13,512 on Friday, while the JCI rose to 5,268 from 5,246, for the same period. Lately, the rupiah has been under pressure more due to market expectations of a US dollar rate hike this December, than rising polit

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