Monitoring Rupiah & Oil Prices

Today on Wednesday, the Indonesian Rupiah was still strong. Despite falling by 0,1 percent, the rupiah was still trading below 14.920 per US Dollar amid a weakening dollar.

Meanwhile, oil prices were still rising. The price of Brent Crude Oil still trading above 85 dollars a barrel while US oil is above 80 dollars a barrel on Wednesday.

The rise in oil prices comes after OPEC plus countries announced that they will be cutting oil production by a total of 1,6 million barrels per day.