Rupiah strengthens on market’s positive response to Brexit

Jakarta (ANTARA) – The rupiah continued its rally against the US dollar in the Jakarta inter-bank market on Thursday morning on the market’s positive response to Brexit.

The rupiah opened 14 points higher to Rp14,251 per dollar from Rp14,265 earlier.

Samuel Aset Manjamen economist Lana Soelistianingsih stated that the rupiah strengthened owing to the pound sterling’s appreciation amidst uncertainty about Brexit agreement.

“Investors responded positively to uncertainty about Brexit and consequently, pound sterling appreciated.

Source: Antara News