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Jakarta Post
The Jakarta Post
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DKI Jakarta, Indonesia
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Analysis: Flagging rupiah: Fundamental or contagion?

  • Faisal Rachman


Jakarta | Wed, September 12 2018 | 03:14 am

PREMIUM The rupiah reached its lowest level since the 1998 Asian financial crisis against the US dollar in early September. The currency has depreciated by 10 percent year-to-date.The Indonesian government argues that external factors are the reasons for the rupiah’s fall, including the Federal Reserve’s monetary tightening continuation and the negative sentiment spreading over emerging markets (EM). ...