Complacently Risking Budget’s Credibility - Market Pulse - magz.tempo.co

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Complacently Risking Budget’s Credibility

Tuesday, March 17, 2020

GLOBAL financial markets are melting down. Financial asset prices are falling apart.

. tempo : 176579904653.

Extreme uncertainty in the market has pushed investors to take flight-to-safety measure. The only remaining choice is no other than the US dollar once again. So on Friday, March 13, the rupiah to US dollar exchange rate fell sharply, approaching Rp15,000 per US dollar. Until the market closed on that day, the rupiah has lost 8.01 percent of its value.

Stock prices are faring even worse. Indonesian Stock Exchange had to implement its circuit brea

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