Rupiah Expected to Strengthen after Trump Imposes Steel Tariffs
The Indonesian rupiah has been under heavy pressure over the past month amid US dollar strength ahead of the March Federal Reserve policy meeting where market participants expect to see another interest rate hike. The rupiah weakened 2.92 percent from IDR 13,402 per US dollar on 1 February 2018 to IDR 13,793 on 1 March 2018. Not only the rupiah but basically currencies have been sliding against the US dollar that touched a six-week high earlier in the week.