Exchange rates

EURUSD

Real-time Estimate TTMZero 12:45:42 2024-07-15 pm EDT			5-day change	1st Jan Change
1.09 ^USD	+0.14%		+0.68%	-1.19%

Jul. 14	Goldman challenges Fed's demand it hold more capital after stress test, FT reports	RE
Jul. 14	GOLDMAN CHALLENGES FED'S DEMAND IT HOLD MORE CAPITAL AFTER STRES…	RE

Indonesia central bank governor sees a more stable rupiah in 2019

January 02, 2019 at 02:27 am EST

JAKARTA (Reuters) - Indonesia's central bank governor said on Wednesday he expects the rupiah's exchange rate to be more stable this year compared with 2018 as he is optimistic relations will improve between the United States and China.

Perry Warjiyo said news of "positive signs of trade negotiations" should mean global conditions will not worsen and that can provide stability for the rupiah.

He also said the rupiah's exchange rate against the dollar was undervalued and that Bank Indonesia's (BI) monetary policy for 2019 will remain "pro-stability".

BI raised interest rates six times last year to defend the rupiah, which hit its lowest since 1998 before recovering towards the end of the year. The currency traded at 14,450 per dollar by 0635 GMT, down 0.5 percent from its 2018 close.

(Reporting by Tabita Diela; Writing by Gayatri Suroyo; Editing by Jacqueline Wong)

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