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The Indonesian rupiah fell for the fourth day in a row, dragged down by rising oil prices and the overall strengthening of the US dollar. On Monday evening, President Prabowo Subianto appointed Suhasil Nazara to succeed Pulbaya Yudi Sadwa as finance minister. The US dollar rose 0.2% against the Indonesian rupiah to 17,677; if the US dollar rises against the Indonesian rupiah for the fourth consecutive trading day, it will set a record for the longest continuous increase since the end of July. The yield on Indonesia's 10-year treasury bonds rose 1 basis point to 7.17%. According to data from the Indonesian Ministry of Finance, global capital bought a net purchase of 61.4 million US dollars of Indonesian bonds on September 10.
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The Indonesian rupiah fell for the fourth day in a row, dragged down by rising oil prices and the overall strengthening of the US dollar. On Monday evening, President Prabowo Subianto appointed Suhasil Nazara to succeed Pulbaya Yudi Sadwa as finance minister. The US dollar rose 0.2% against the Indonesian rupiah to 17,677; if the US dollar rises against the Indonesian rupiah for the fourth consecutive trading day, it will set a record for the longest continuous increase since the end of July. The yield on Indonesia's 10-year treasury bonds rose 1 basis point to 7.17%. According to data from the Indonesian Ministry of Finance, global capital bought a net purchase of 61.4 million US dollars of Indonesian bonds on September 10.
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