Rupiah vol ahead as elections continue

“There’s been a lot of relief in the market concerning the election; that it was relatively peaceful and the lead candidate is what the markets would like to see – and that’s been reflected in recent strength in the rupiah,” said Sing Ben, economist at JP Morgan Chase in Singapore.

Despite a weaker than expected initial result, poll favourite Susilo Bambang Yudhoyono led the elections, held on July 5, gaining 34% of the 36% of votes counted by last Wednesday, followed closely by incumbent Preside

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: