The currency war has impacted Indonesian financial markets, with the value of the rupiah dropping more than 2 per cent since US-China trade negotiations earlier this month. Photo: AFPThe currency war has impacted Indonesian financial markets, with the value of the rupiah dropping more than 2 per cent since US-China trade negotiations earlier this month. Photo: AFP
The currency war has impacted Indonesian financial markets, with the value of the rupiah dropping more than 2 per cent since US-China trade negotiations earlier this month. Photo: AFP
Muhammad Zulfikar Rakhmat
Opinion

Opinion

Muhammad Zulfikar Rakhmat and Dendy Indramawan

How the US-China currency war will impact Indonesia

  • Beijing’s devaluation of the yuan and Trump’s decision to label China a currency manipulator have seen the trade war escalate to a new level
  • These actions have roiled global markets and the fallout will also reach Jakarta, pressuring the rupiah and widening its trade deficit

The currency war has impacted Indonesian financial markets, with the value of the rupiah dropping more than 2 per cent since US-China trade negotiations earlier this month. Photo: AFPThe currency war has impacted Indonesian financial markets, with the value of the rupiah dropping more than 2 per cent since US-China trade negotiations earlier this month. Photo: AFP
The currency war has impacted Indonesian financial markets, with the value of the rupiah dropping more than 2 per cent since US-China trade negotiations earlier this month. Photo: AFP
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