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The Jakarta Post
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US-dollar

Dollar hits two-week peak as 'second wave' virus fears drive safe-haven bid
Business 2 weeks ago

Dollar hits two-week peak as 'second wave' virus fears drive safe-haven bid

Against a basket of currencies, the dollar hit a two-week high of 100.440, near the top end of the r...
Rupiah strengthens to below Rp 15,000 per US dollar for first time since mid-March
Business 1 month ago

Rupiah strengthens to below Rp 15,000 per US dollar for first time since mid-March

The rupiah stood at Rp 14,881, appreciating 2.7 percent against the greenback at 4:46 p.m. Jaka...
Oil’s slide favors India’s bonds versus Indonesia, JPMorgan says
Business 1 month ago

Oil’s slide favors India’s bonds versus Indonesia, JPMorgan says

Markets are pricing Indonesian debt as riskier based on credit-default swaps even though it’s ...
Bank Indonesia holds policy rate, sees room for further cuts amid virus risks
Business 1 month ago

Bank Indonesia holds policy rate, sees room for further cuts amid virus risks

BI has trimmed the benchmark rate twice this year in response to the pandemic.
Bank Indonesia expects forex reserves to increase to $125b
Business 1 month ago

Bank Indonesia expects forex reserves to increase to $125b

The rupiah was trading at Rp 15,880 to the dollar at 3:16 p.m. Jakarta time, up 2.28 percent from th...
Bank Indonesia strikes $60b repo facility deal with US Fed as forex reserves drop
Business 1 month ago

Bank Indonesia strikes $60b repo facility deal with US Fed as forex reserves drop

“This will be the second line of defense other than bilateral currency swaps in case we need d...
Indonesia's forex reserves drop $9.4b in March as BI steps up efforts to stabilize rupiah
Business 1 month ago

Indonesia's forex reserves drop $9.4b in March as BI steps up efforts to stabilize rupiah

The rupiah lost around 15 percent of its value against the US dollar in March as investors rushed to...
Emerging currencies under threat from COVID-19 face further declines
Business 1 month ago

Emerging currencies under threat from COVID-19 face further declines

Central banks in emerging economies are tapping reserves to stem a decline in their currencies as th...
Sterling falls after PM Johnson hospitalized over persistent coronavirus symptoms
Business 1 month ago

Sterling falls after PM Johnson hospitalized over persistent coronavirus symptoms

Johnson was admitted in what Downing Street said was a “precautionary step” because he w...
Moody's lauds Indonesia's economic response but virus containment efforts lag
Business 1 month ago

Moody's lauds Indonesia's economic response but virus containment efforts lag

Five analysts at Moody’s Investor Service wrote in a research note on Friday that an unprecede...
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