Indonesian rupiah firms near IDR 17,700 per dollar after Jakarta protest
Indonesian rupiah firmed to around IDR 17,700 per U.S. dollar on Friday, reversing prior-session losses after an orderly Jakarta protest passed without major security disruptions. Bank Indonesia acting governor Destry Damayanti said policy coordination would not compromise independence.
The Indonesian rupiah firmed to around IDR 17,700 per U.S. dollar on Friday, reversing losses from the prior two sessions after an orderly protest in Jakarta Thursday passed without major security disruptions.
Sentiment was also lifted by Bank Indonesia Acting Governor Destry Damayanti, who told parliament that closer policy coordination would not compromise the central bank’s independence.
She added that monetary policy would remain focused on maintaining stability while supporting growth.
For the week, the rupiah was on track to stabilise after losses in recent weeks, as investors looked ahead to key domestic data, including August inflation and July trade figures.
Focus will also remain on the appointment of Bank Indonesia’s next governor, with parliament expected to decide after Destry, the sole nominee for the post, undergoes a fit-and-proper test.
Globally, the dollar index held broadly steady ahead of Fed Chair Kevin Warsh’s speech at the annual Jackson Hole meeting later today.