Indonesian economy sound, so no cause for worry: Analysts

An Indonesian vendor reads a newspaper as he waits for customers at a shopping area in Jakarta, Indonesia, on Sept 26, 2018.
An Indonesian vendor reads a newspaper as he waits for customers at a shopping area in Jakarta, Indonesia, on Sept 26, 2018.PHOTO: EPA-EFE

JAKARTA • Analysts say the rupiah slump is no cause for concern as it is mainly due to the strength of the US dollar against every currency in the world.

Amid a rising US dollar and a trade war that started early this year, emerging markets have seen their currencies tumble.

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A version of this article appeared in the print edition of The Straits Times on October 02, 2018, with the headline 'Economy sound, so no cause for worry: Analysts'. Print Edition | Subscribe