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Tag: Rupiah

Economy and Finance

Rupiah Strengthens as Unemployment Increases in the US

JAKARTA - The rupiah exchange rate, which was transacted between banks in Jakarta on Thursday (26/11) morning, moved stronger in line with the increasing number of unemployed in the United States (US). At 9.41 WIB, the rupiah had strengthened 29 points or 0.2 percent to the position of IDR 14,115 per US dollar compared to the previous day's IDR 14,144 per US dollar. "The US dollar appears to be under pressure against major currencies such as the euro, pound sterling, and yen. Due to the rising weekly US unemployment benefit claims report. Which means the number of unemployed has increased," said Ariston Tjendra. Head of Research and Education at Monex Investindo Futures in Jakarta, Thursday (26 / 11). US initial jobless benefits claims data increased to 778,000 claims in November 2020 ...