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.

Please or to continue reading the full article. Learn more about ST PREMIUM.

Enjoy unlimited access to ST's best work

  • Exclusive stories and features on multiple devices
  • In-depth analyses and opinion pieces
  • ePaper and award-winning multimedia content
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