Bank Indonesia (BI) will remain in the market to stabilize the market to counter the negative impact of rapidly spreading China’s coronavirus outbreak internationally, an official at the Indonesian central bank said on Tuesday. Additional Quotes: The impact on the coronavirus epidemic in China to its economy is small. BI maintains a 5.1%-5.5% 2020 growth outlook. On Monday, Nanang Hendarsah, Head of monetary management at BI said that the central bank intervened in spot fx, domestic NDF and bond markets to stem the rupiah’s decline. FX Implications: The rupiah stages a solid comeback from a four-week low of 13,775 vs. the US dollar, tracking the rebound in the Chinese yuan and Asian equity markets. At the press time, USD/IDR trades 0.07% lower at 13,730 levels. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD regains footing above 1.3000 with eyes on UK PMI FX Street 2 years Bank Indonesia (BI) will remain in the market to stabilize the market to counter the negative impact of rapidly spreading China’s coronavirus outbreak internationally, an official at the Indonesian central bank said on Tuesday. Additional Quotes: The impact on the coronavirus epidemic in China to its economy is small. BI maintains a 5.1%-5.5% 2020 growth outlook. On Monday, Nanang Hendarsah, Head of monetary management at BI said that the central bank intervened in spot fx, domestic NDF and bond markets to stem the rupiah’s decline. FX Implications: The rupiah stages a solid comeback from a four-week low of 13,775 vs.… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
