Ten Reasons That Speak About the Success of Demonetisation

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Rupiah - The rupiah exchange rate at market open this morning, Wednesday (4/12) rose by 0.04% to a level of Usd 14.110 per dollar United States (U.S.).

However, shortly after it opened, the rupiah fell immediately to the level of Usd 14.120 per US dollar, due to the depressed global sentiment, as U.S. trade with China continues unabated until the conflict is Trump with other countries.

According to Bloomberg, the Singapore dollar fell to 0.04%, Taiwan dollar 0.07 percent, South Korean won 0.56 percent, the Philippine peso 0,22%, Indian rupee by 0.03%, the Chinese yuan, of 0.31%, the Malaysian ringgit 0.13 percent, and the Thai baht by 0.07%.

While the Japanese yen gained 0.12 percent followed by the strengthening of the Hong Kong dollar by 0.01%.

Vice President of Monex Investindo Futures Ariston Tjendra stated, the rupiah still has the potential to return depressed today.

"Especially because the market worries about completion of a trade war US-China and the emergence of the problem a new trade AS with other countries," says Tjendra to katadata.co.id, Wednesday (4/12).

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