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Currencies

Rupiah Closes Stronger 0.42% as US Jobless Claims Edge Higher

TEMPO.CO, Jakarta - The rupiah strengthened against the US dollar on Friday, after the United States’ Initial Jobless Claims rose more than expected. The rupiah closed stronger 0.42 percent on Friday at Rp16,196 against the US dollar. "US Initial Jobless Claims data rose higher than expected for the ending week of May 31, 2024," said Bank Permata Chief Economist Josua Pardede to Antara in Jakarta on Friday, June 7, 2024.Initial Jobless Claims rose to 229,000 from 221,000 in the previous week, hinting at a looser US labor market.Investors are likely to wait...
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