Analysis: Flagging rupiah: Fundamental or contagion?


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

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 mark...