Rupiah breaks 14,400 per US dollar before the weekend

Liputan6.com, Jakarta – The rupiah exchange rate tends to weaken against the US dollar by the end of this week. Based on the Jakarta (Jisdor) inter-bank interbank rate reference rate, the rupee was at 14.404 on Friday, June 29, 2018. The rupee weakened 133 points of the trading period from June 28, 2018 to 14.271 [19659002]. ] Based on the data yahoofinance the rupiah has risen slightly to reach $ 14,383 compared to the close of yesterday at $ 14,385. Friday afternoon, the rupee was moving around 14,323-14,410. Rupiah is moving in the range of 14,348 for a US dollar Friday afternoon

Economist at PT Bank Permata Tbk, said Josua Pardede, factors external investors still dominate the rupee's movement against the US dollar. One of them is the feeling of commercial sentiment

Joshua, market players worry that the trade war may affect global economic growth so that it has some impact on developing countries. Indeed, developing countries rely on exports to support their economic growth.

In addition, there are fears that trade wars will trigger an exchange war. Joshua sees China let the yuan weaken to boost Chinese exports. "The concerns of the trade war are still a negative factor for developing countries, not only the weakening of the rupee, but also the weakening of the Indian rupee, as well as the influence of the yuan .Yuan is significant, especially for Chinese trading partners, Josua points out that the issue of trade warfare becomes the dominant factor influencing the rupee's movement against the US dollar, especially the US government's incoherent attitude. (. 19659002) From the internal sentiment, added Josua, Indonesia experienced a trade deficit in April and May also fears that the current account balance will widen.