Indonesia rupiah hits record low as energy shock and capital outflows weigh on markets
Indonesia's rupiah has fallen to its weakest level on record against the US dollar, breaching the 18,000 mark as markets reacted to higher energy costs and renewed pressure across the region. The currency touched 18,028 per dollar on Thursday, according to the supplied report, despite recent support measures from Bank Indonesia. The move comes as the wider economic fallout from the Iran war continues to affect energy-importing economies in Southeast Asia.The latest slide was linked to a jump in oil prices after hostilities flared again on Wednesday, pushing crude more than 1% higher. A Permata Bank chief economist said 18,000... [Continue Reading]
360LiveNews | 04 Jun 2026 06:33 LONDON
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Asian currencies weaken as dollar strength and higher energy costs add pressure
Currencies across Asia are under renewed pressure as a stronger US dollar, higher energy costs and wider market uncertainty weigh on exchange rates. The pressure is being felt from India and the Philippines to Indonesia, Japan and South Korea. The report says the strain is linked in part to the conflict around the Strait of Hormuz, which is helping drive a broader economic shock.The Indian rupee and Philippine peso have fallen to record lows, according to the supplied material. Indonesia's rupiah is described as weaker than it was at the depths of the Asian financial crisis. Central banks in Japan... [Continue Reading]
360LiveNews | 03 Jun 2026 14:34 LONDON
