Home/Newsfeed

Indonesia rupiah hits more than 20 year low

Share Print 0

The Indonesian rupiah fell to its weakest level against the dollar in more than 20 years on Monday, prompting the country’s central bank to say that it will intervene.

Bank Indonesia said on Monday it is intervening in the foreign exchange and bond markets, according to a Reuters report.

The rupiah fell to 14,777 per dollar on Monday, its weakest level since 1998 and a 8.93 percent drop since the start of the year.

CNBC

DAX dips as German Manufacturing PMI drops in August

Barnier and UK manufacturing data weigh on GBP

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Craig Erlam

Craig Erlam

Senior Market Analyst - UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a Market Analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam

@@craig_forex

,
Back to Top