Emerging Markets - Indonesian rupiah hovers near record lows on fiscal woes, trade war risks


Photo: Jakarta Post/Asia News Network

JAKARTA (Reuters): The Indonesian rupiah teetered near record lows on Monday as fresh uncertainty from US President Donald Trump's threat of extra tariffs on European nations added to pressure from concerns over the country's widening fiscal deficit.

The rupiah tumbled the most in more than two weeks to 16,945 per U.S. dollar, its weakest point since early April last year, and slightly above its all-time low of 16,970.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Aseanplus News

Boy, 7, is youngest professional rally car driver in China, starting race journey at age 1
K-idol Heeseung ‘a bit sorry’ after splitting from Enhypen
Visa-free travel, rising foreign visitors boost luxury hotel growth in China
Laos delivers emergency aid after over 2,000 households hit by rare hailstorm in Vientiane
Stocks slide, oil gains with Mideast ceasefire prospects centre stage
Foul odour leads to discovery of three bodies in Merbok home
South-East Asia revisits nuclear power plans for AI data centres as Iran war disrupts energy supplies
Cambodia refutes Thai portrayal of Preah Vihear cooperation as ICC confirms severe damage
Singapore child sex offender Amos Yee freed from Changi Prison after mother posts $10k bail
Victor Chin: RM9.5mil was ‘service fee’, not bribe to enforcement agencies

Others Also Read