The Fate of Rupiah as Trade Surplus Shrinks
Monday, November 20, 2023
Surplus declines, rupiah increasingly dependent on the Fed’s policy.
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POSITIVE sentiment dominates the global financial markets following last Tuesday’s release of the United States inflation data. The annual inflation rate at the end of October was only 3.2 percent, down from 3.7 percent in the previous month.
The rapid decrease immediately fueled optimism, raising expectations that the Federal Reserve would cut interest rates sooner next year without much delay. Nonetheless, inflation is approaching
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