Below is a list with tagged columns and company profiles.

Today's Headlines US Dollar

  • Currency of Indonesia: Rupiah versus US Dollar on Monday

    The Indonesian rupiah is appreciating against the US dollar on Monday (06/02). Based on the Bloomberg Dollar Index, the rupiah had appreciated 0.13 percent to IDR 13,325 per US dollar by 12:15 pm local Jakarta time. It is assumed that optimism about Indonesia's improving economic fundamentals in combination with rebounding commodity prices and slower-than-expected US economic growth supports the currency of Indonesia. Meanwhile, other Asian emerging market currencies are also appreciating against the greenback.

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  • Foreign Exchange Reserves of Indonesia Rise in December 2016

    The central bank of Indonesia (Bank Indonesia) announced that the nation's foreign exchange reserves climbed to USD $116.4 billion at the end of December 2016, up from USD $111.5 billion one month earlier. Growth was attributed to foreign exchange receipts, primarily stemming from the issuance of government global bonds debt securities, the withdrawal of government foreign loans, tax revenues and oil & gas export proceeds, that all surpassed the use of foreign exchange for government external debt repayments and Bank Indonesia's maturing foreign exchange bills.

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  • Currency News: Indonesia's Rupiah Appreciating Sharply vs US Dollar

    The Indonesian rupiah is appreciating sharply on Thursday (05/01) as the US dollar retreats from its (near) 14-year peak against a basket of major global currencies ahead of the release of the US Federal Reserve's December policy meeting minutes. Based on the Bloomberg Dollar Index, the rupiah had strengthened 0.83 percent to IDR 13,328 per US dollar by 14:00 pm local Jakarta time on Thursday (05/01). Particularly the unexpected fall of the US dollar against China's yuan spooks market players.

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  • Indonesia's Jakarta Composite Index Expected to Rise Today

    Indonesian stocks are expected to rise on Wednesday (04/01) amid positive sentiments stemming from around the globe although the strong US dollar, which remains near 14-year highs, puts some pressure on commodity prices (most notably on crude oil). On Tuesday (03/01), Indonesia's benchmark Jakarta Composite Index declined 0.39 percent to 5,275.97 points as investors engaged in profit taking after the significant rally that occurred during the last couple of days before the end of 2016.

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  • Indonesian Stocks & Rupiah: Thin Trade ahead of Celebrations

    On the last trading day before the Christmas break, Indonesia's benchmark Jakarta Composite Index fell for the ninth straight day, the longest losing streak since August 2005. On Friday (23/12) the index fell 0.30 percent to 5,027.70 points. The performance of Indonesian stocks was in line with other markets in Asia. Ahead of Christmas and New Year festivities, trade volume is low as investors are taking a break. Meanwhile, there are no positive sentiments stemming from the Indonesian market.

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  • Federal Reserve Raises Interest Rate, Signals at 3 Hikes in 2017

    The Federal Reserve decided - in line with expectations - to raise its benchmark Fed Funds Rate by 0.25 percent to the range of 0.50 - 0.75 percent, exactly one year after its first rate hike (in a decade). Furthermore, the Fed Chair Janet Yellen also indicated it sees three more interest rate hikes in 2017. This is a bit more hawkish than markets expected. Tighter monetary policy in the USA is required as the US labor market and growth in household spending improves. Inflation has also improved but remains below the Fed's 2 percent (y/y) target. Business investment, however, remains soft.

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  • Indonesia's Rupiah Strengthening Sharply vs US Dollar, Why?

    The Indonesian rupiah has been appreciated significantly over the past two days versus the US dollar. By 12:00 noon local Jakarta time on Wednesday (07/12), Indonesia's currency had strengthened 0.29 percent to IDR 13,331 per US dollar (based on the Bloomberg Dollar Index). Meanwhile, Bank Indonesia's Jakarta Interbank Spot Dollar Rate (JISDOR) appreciated 0.51 percent to IDR 13,336 per US dollar today. Lets zoom in on this performance.

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  • Emerging Market Currencies & Stocks Update: Indonesia's Rupiah

    Indonesian stocks and the rupiah are under pressure on Thursday (24/11). Amid rising expectation of a Fed Funds Rate hike before the year-end, the US dollar rose to a 13 year-high implying all emerging market currencies are sliding. The Indonesian rupiah, one of the more vulnerable emerging market currencies, had depreciated 0.39 percent to IDR 13,542 per US dollar by 10:20 am local Jakarta time. Meanwhile, the benchmark Jakarta Composite Index had fallen 0.85 percent to 5,167.87 points by the same time.

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  • Indonesia's Rupiah Depreciates Sharply against US Dollar

    Emerging markets in Asia, including Indonesia, are plagued by sharply depreciating currencies on Friday morning (11/11). Demand for the US dollar is high on the "Trump effect". With a Republican-controlled US Congress and pragmatic businessman Donald Trump in the White House, markets have become positive about US economic growth in the years ahead. Meanwhile, it feeds the likelihood of faster and more frequent Fed Funds rate hikes during Trump's administration. The Indonesian rupiah was down 5.53 percent to IDR 13,865 per US dollar by 09:18 am local Jakarta time (Bloomberg Dollar Index).

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  • Indonesia Stocks & Rupiah Update: Asia Down on Hawkish Fed

    As expected, emerging markets in Asia, including Indonesia, were negatively affected by the speech of Federal Reserve Chair Janet Yellen in Jackson Hole last week. Her speech - touching the topics of solid new jobs creation - provided ammunition for analysts and investors to raise speculation about a near-term US Fed Funds Rate hike. Indonesia's benchmark Jakarta Composite Index fell 1.25 percent to 5,370.76 points, while the Indonesian rupiah depreciated 0.42 percent to IDR 13,267 per US dollar (Bloomberg Dollar Index).

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Latest Columns US Dollar

  • Will Japanese Growth Support the Asian-Pacific Economic Outlook?

    In recent years, the Japanese economy has experienced significant hardships, generated largely by the aftermath of the hurricane and tsunami that hit the country in 2011. But newly adapted stimulus programs (the much-discussed programs of Abenomics) have boosted economic growth rates since that period. As a result, annual GDP is expected to rise to 1.8% for 2014, and these improvements are expected to have a supportive on the performances seen in surrounding economies in the Asia-Pacific region.

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  • Indonesia Rupiah Exchange Rate Remains under Pressure on Monday

    From the start of today's trading day (06/01), the Indonesian rupiah exchange rate depreciated against the US dollar. Based on the Bloomberg Dollar Index, Indonesia's currency fell 0.48 percent to IDR 12,238 per US dollar at 13:00 local Jakarta time. This declining trend is in line with the majority of other Asian Pacific currencies. With the exception of the Australian dollar and the Japanese yen, the US dollar appreciated against all Asia Pacific currencies in the morning of Monday (06/01).

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  • Jakarta Composite Index Down 1.61% due to China Data and Wall Street

    Jakarta Composite Index Down 1.61% due to China Data and Wall Street

    On Friday (03/01), the benchmark stock index of Indonesia (known as the Jakarta Composite Index or IHSG) ended 1.61 percent down to 4,257.66 points amid a majority of global indices declining after having experienced a short (window dressing-inspired) rally at the end of the year. The IHSG, which was not affected by the window dressing phenomenon, was dragged down after experiencing a four-day rally in the last week of 2013. Positive US employment data were unable to support global indices.

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  • Two Indonesian Airlines Plan Corporate Actions for Business Expansion

    Garuda Indonesia, the country's top-class airline, is planning to conduct a rights issue in the first quarter of 2014. Through this corporate action, which has already been approved by the shareholders, the state-controlled company aims to raise IDR 2 trillion (USD $162.6 million). For 2014, the airline plans to allocate IDR 4 trillion in capital expenditure (capex) for business expansion. About half of this amount should originate from funds generated through the rights issue.

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  • January 2014 Tapering Has Euphoric Effect on Global Stock Markets

    On Wednesday (18/12), the Federal Reserve announced to slightly scale back its quantitative easing program starting from January 2014. The reduction of the bond-buying program involves USD $5 billion of mortgage-backed securities and USD $5 billion of US treasury securities. Thus, the Federal Reserve will purchase a total of USD $75 billion worth of bonds per month instead of the current pace of USD $85 billion. For the moment, this policy change has an euphoric effect on global stock markets.

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  • Indonesia Stock Market News: Positive Impact of January 2014 Fed Tapering

    The announcement that the Federal Reserve (FED) will start its quantitative easing tapering in January 2014, while keeping interest rates low, made stock indices in Asia rise, including Indonesia's benchmark stock index (IHSG), although mining and property stocks were able to limit today's gain. The IHSG rose 0.85 percent to 4,231.98 points on Thursday (19/12). The Indonesia rupiah exchange rate (IDR), however, was down as future tighter US dollar supplies causes market participants to buy US dollar now.

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  • Ahead of FOMC Indonesia's Rupiah Rate Weakens, Stock Index Jumps

    Ahead of the Federal Open Market Committee (FOMC) meeting on 17-18 December 2013, the Indonesia rupiah exchange rate is continuing its depreciating trend as the economies of the USA and Japan, particularly the capital markets, are improving and causes the US dollar and Yen to appreciate against other currencies. Both currencies are considered safe havens amid the current volatile world economy. One of the victims is the rupiah, which fell to IDR 12,126 per US dollar at 12.30 local Jakarta time (Bloomberg Dollar Index).

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  • Investors Concerned Ahead of Bank Indonesia Board of Governor's Meeting

    Both the Jakarta Composite Index (Indonesia's benchmark stock index) and the Indonesia rupiah exchange rate are under pressure this morning as market participants are waiting for results of the central bank's Board of Governor's meeting that is held today (12/12) in Jakarta. Speculation has emerged that Indonesia's central bank (Bank Indonesia) will raise its benchmark interest rate (BI rate) one more time in 2013 in order to combat the country's current account deficit as well as mitigate the impact of a possible winding down of QE3.

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  • Despite Unchanged BI Rate, Indonesia's Stock Index and Rupiah Down

    Although Indonesia's benchmark interest rate (BI rate) was kept at the level of 7.5 percent (in line with market expectation) today (12/12), it was not able to support the country's stock index. Indonesia's IHSG index fell 1.39 percent to 4,212.22 points. The index was negatively impacted by Asian stock indices that were down due to concerns about the looming end of the Federal Reserve's quantitative easing program. This made investors' positive reaction to the BI rate of temporary nature. Weak openings in Europe increased downward pressure.

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  • Business as Usual in Indonesia: a Day of Gain is Followed by a Day of Loss

    Business as Usual: a Day of Gain is Followed by a Day of Loss

    One of the main problems of Indonesia's benchmark stock index (IHSG) is the profit taking that immediately happens after a day of strong growth. On Wednesday (11/12), the IHSG index was plagued by profit taking since the start of the first trading session. Moreover, the index was impacted by mostly falling Asian stock indices as well as the Indonesia rupiah exchange rate which went above the IDR 12,000 per US dollar level again. The only support the IHSG received was just before its closing when European indices opened up.

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