Would Stronger Dollar Weaken Indonesia's rupiah to Rp15,000?
The inflation rate has reached above 8% territory in the U.S. Higher Inflation Rate forced the Fed to raise the interest rate again by 50 basis points in May 2022 and it seems the Fed will remain hawkish for stabilizing inflation to a more normalized level. Commonly, the Increasing interest rate will make a stronger dollar because it will attract investment capital from investors abroad seeking higher returns on bonds and interest-rate products. Therefore, a bullish/Stronger Dollar outlook might prevail and potentially weakens Indonesia's Rupiah.
From Chart Perspective:
USD/IDR is moving above the Exponential moving average of 200, which means a bullish bias. Recently, The pair has broken out of the falling wedge pattern, accompanied by a golden cross in the MACD indicator. it signifies a potential bullish bias to the target area.
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From Chart Perspective:
USD/IDR is moving above the Exponential moving average of 200, which means a bullish bias. Recently, The pair has broken out of the falling wedge pattern, accompanied by a golden cross in the MACD indicator. it signifies a potential bullish bias to the target area.
Smash the Follow and Give us Thumbs up for More Educational content!
* Disclaimer: This is for educational purposes only, We are not responsible for any of your financial decision.
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