Risk aversion is still on top of the agenda of global investors despite a recovery in US employment. Last Friday (08/01) it was announced that US nonfarm payrolls increased by 292,000 in December 2015. Emerging market stocks plunged to the lowest in more than six years, dragged down by Chinese shares. Meanwhile, emerging market currencies feel the negative impact of low commodity prices led by the continued slide of the oil price.

As China's economic slowdown dents the outlook for oil demand, Brent crude oil plunged more than 3 percent today to USD $32.51 per barrel.

Bank Indonesia's benchmark rupiah rate (Jakarta Interbank Spot Dollar Rate, abbreviated JISDOR) depreciated 0.44 percent to IDR 13,935 per US dollar on Monday (11/01).

Indonesian Rupiah versus US Dollar (JISDOR):

| Source: Bank Indonesia