Indonesian Rupiah Rises with Other Asian Currencies on Positive Sentiment

The Asian currencies, including the Indonesian rupiah, rose today as the market sentiment was positive after yesterday’s good news from Europe and the United States. The currency was further boosted as Fitch Ratings improved Indonesia’s credit grade.

The positive economic data from the USA, particularly the falling jobless claims, returned the positive sentiment and it persisted on the Forex market through today’s session. The MSCI Asia-Pacific Index of stocks rose 0.8 percent today. The index is still down 2.3 percent over this week. Fitch increased Indonesia’s credit rating to BBB-.

USD/IDR retreated from 9,085.0000 to 9,035.0000 as of 11:49 GMT today.

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