USD/IDR rises due to risk aversion amid rising Middle-East tensions. The US Dollar receives support from the decreasing odds of a Fed’s bumper rate cut in November. Bank Indonesia might have intervened in the FX market to support the Rupiah by ensuring the balance of supply and demand. The Indonesian Rupiah lost around 1% against the US Dollar as the rising geopolitical tensions have dampened the risk appetite.
In a “risk-off” market investors start to ‘play it safe’ because they are worried about the future, and therefore buy less risky assets that are more certain of bringing a return, even if it is relatively modest. What are the key assets to track to understand risk sentiment dynamics? Typically, during periods of “risk-on”, stock markets will rise, most commodities – except Gold – will also gain in value, since they benefit from a positive growth outlook.
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Archer Surpasses 400 Test Flights This Year, Achieving Company Milestone Four Months Ahead Of ScheduleClean Tech News & Views: EVs, Solar Energy, Batteries
Source: cleantechnica - 🏆 565. / 51 Read more »