Market Pulse: Unmoved Rupiah in the Midst of Dollar Deluge

RUPIAH should be much stronger than its current position, which stubbornly remains at around Rp14,000 per US dollar. It should had been the case if we considered various determinant indicators for rupiah’s up and down. All these indicators have looked good recently. Yet still the rupiah refuses to thrive.

Indonesia’s current account balance, for example, had a surplus of US$960 million in Q3 of 2020. For the first time sinc

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