UOB economist Enrico Tanuwidjaja and Haris Handy assessed the latest foreign reserve figures in Indonesia.
“Indonesia’s foreign exchange reserves fell from $1. 8 billion to $135. 2 billion in September 2020, up from last month’s $137 billion record. The last reserve point is equivalent to 9. 5 months of import financing or 9. 1 months of imports and invoices of public external debt’.
“The fall in foreign exchange reserves in September was due to the payment of government external debt, as well as efforts to stabilize the rupee exchange rate amid still high global monetary uncertainty. In the future, we may see a moderate accumulation of foreign exchange reserves thanks to capital inflows, export earnings and other foreign exchange income, especially at a later stage, after uncertainty. dissipates slowly. However, the dangers of the problem persist due to persistent uncertainty about the progression of COVID-19, which would possibly lead to capital outflows and slowing currency gains.
The EUR/USD is suffering with 1,1750, outside the highs. House Speaker Pelosi expressed doubts about the possibility of a fiscal stimulus agreement with Republicans.
The GBP/USD pair trades above 1. 29, retaining your winnings. BOE Governor Bailey to minimize the adverse effect of the coronavirus momentary wave Brexit negotiations have not yet made great progress.
Gold rose after the start of the U. S. consultation to $1,900, reaching the highest point in two days, but then fell to $1882, a new low.
Vice President Mike Pence and Senator Kamala Harris debate for 90 minutes in Salt Lake City. The contest is civilized until the Trump-Biden slugfest. Candidates, at their only meeting, devote more questions and time to political differences.
Crude oil costs continued to rise thursday and West Texas Intermediate, which closed the first 3 days of the week in positive territory, touched its point from September 13 at $41. 30.
Note: All data on this page may be modified. Use of this is acceptance of our user agreement. Please read our privacy policy and legal notice.
Trading currencies with margin carries a point of maximum threat and may not be suitable for all investors. The maximum degree of leverage can play against and against you. Consider your investment goals, your point of fun and your appetite for the threat. You may lose all or part of your initial investment, so you deserve not to invest cash you can’t lose. You deserve to be aware of all the threats related to currency transactions and seek the recommendation of an independent monetary advisor in case of doubt.
The reviews expressed in FXStreet are those of individual authors and do not necessarily constitute the perspectives of FXStreet or its administration. FXStreet has not verified the accuracy or factual basis of any statement or made through an independent author: errors and omissions may occur. All reviews, news, research, analysis, value or other data contained on this site, through FXStreet, its employees, partners or contributors, are provided as a general market observation and do not constitute investment advice. FXStreet shall not be liable for any loss or damage, including, but not limited to, any loss of profits, which may result directly or indirectly from the use or be accepted as true in this data.