ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Forex

Trump factor thumps Indonesian, Malaysian currencies

 (placeholder image)
A teller at a money changer handles Indonesia rupiah bank notes in Jakarta on Nov. 11.   © Reuters

SINGAPORE -- The Indonesian and Malaysian currencies weakened sharply in Friday morning trading, as Donald Trump's shock election victory jolted U.S. interest rates.   

With the prospect of a capital exodus looming over the Southeast Asian countries, the Indonesian rupiah approached 13,500 per dollar, down from the previous day's 13,100 level and the weakest point since June 27. The Malaysian ringgit, meanwhile, plunged to 4.298 per dollar, its lowest value since Jan. 26.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more