Rupiah Depreciation Hits 10-Year Benchmark. The weekend rupiah exchange rate closed at IDR 14,303/USD or 0.25% lower than the previous day’s trading. The depreciation of the rupiah over the weekend, in line with the Fed’s policy outlook which will take the policy of a faster FFR increase. Externally, the 10-year US Treasury yield fell to 1.4%. Investors began to turn to safer asset instruments, amid fears of the emergence of the Omicron Covid-19 variant in South Africa.
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