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Jakarta, CNBC Indonesia – The rupee exchange rate strengthened strongly in trading on Thursday (05/11/2020), despite the fact that the Republic of Indonesia (RI) was legalized to experience a recession in the third quarter of 2020.
Meanwhile, Joseph ‘Joe’ Biden, who is one step away from becoming the number 1 person of the Superpower, United States (US), has become a driver of the performance of the rupee.
Releasing Refintiv data, the rupee immediately shot up 1.1% to Rp.14,380 / US $ once trading was opened today. The strengthening of the rupee accelerated further to 1.31% to touch Rp 14,350 / US $, the strongest since July 14.
That level is also the strongest intradayAt the end of the negotiation, the rupee was at the level of 14,370 rupees / US $, strengthening 1.17%.
Most of the major Asian currencies strengthened against the US dollar, but none of them were able to come close to the percentage of appreciation of the rupee, making them the best alias champions today.
Below is the movement of the US dollar against the major Asian currencies.
The strengthening of most major Asian currencies is an indication that the US dollar is slow.
The provisional results of the calculations for the US presidential election show Joe Biden ahead of his current Republican Donald Trump.
According to data from NBC News, as of this afternoon, the Democratic presidential candidate has received 253 electoral vote, which means 17 are still needed electoral vote again to win the presidential election. Meanwhile, Trump has so far won 214 electoral vote. To win the presidential elections you need 270 electoral vote.
NBC News data also shows that Biden is temporarily in the lead in Arizona with 11 electoral votes and in Nevada with 6 electoral votes. This means that if both states are won, Biden will succeed in overthrowing Trump.
Meanwhile, by Fox News’s quick estimate, Biden is just one step away from garnering 270 electoral votes. From the media website, Biden, who was paired with Kamala Harris, received 264 votes, while Trump, who was paired with Mike Pence, received 214 votes.
Biden and the Democratic Party are indeed the favorites of emerging markets, because if the trade war between the United States and China is chosen, it is likely to end, corporate taxes in the United States will increase, and the fiscal stimulus will also be greater, which that can have the impact of a flow of capital into the country. emerging market like Indonesia.
