Today’s Outlook: Rupiah Plunges
The Dow Jones made a 5.2% rebound to 21,237 as the US government decided to roll out financial aid to the US citizens for mitigating impacts of two-week lockdown: a blow to the US economy. Turning to the domestic realm, the rupiah exchange rate against USD was depreciated as the surging cases of Covid-19. Meanwhile, investors still anticipate the central bank’s benchmark rate monetary policy to stabilize the rupiah.
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