United States Federal Open Meeting Committe - Photo by the Central Bank Office

JAKARTA (TheInsiderStories) – Good Morning! The Federal Reserve signaled a lack of optimism for United States (US) economic growth in the second half of 2020 in its meeting minutes released yesterday. During July meeting, the Fed kept interest rates close to zero and decided to continue the Treasury bond purchase program with a budget of around US $ 120 billion per month.

While, President Donald Trump will ask the United Nation Security Council to reimpose all sanctions against Iran and end the nuclear deal that was agreed in 2015. The move would put the US at odds with other world powers, which say the US does not have the authority to reimpose international sanctions

In Asia, South Korea and US army are conducting war games on the Korean Peninsula which will last until August 28 to maintain the joint defense posture of the two countries. The large-scale operation also came days after China conducted massive military drills in and around the Taiwan Strait.

From Europe, the British’ government plans to relax rules and requirements for travelers who previously had to self-isolate upon arrival. The country recently added to the list of prohibited countries to visit and visit, namely Spain and France, which had received criticism from its tourism industry.

On Wednesday, Indonesian Rupiah strengthened to a level of 14,650 from the previous day’s position of 14,845 per US Dollar. Meanwhile, the Jakarta Composite Index (JCI) closed down 0.42 percent at 5,272,810 compared to the previous day.

Analysts assess that the sentiment that has affected financial markets is the result of a meeting of the board of governors of Bank Indonesia which announced that it would maintain its benchmark interest rate at 4 percent.

There are no transactions on the Indonesian financial market until next Monday due to holiday period.

May you have a profitable day!

Written by Linda Silaen and TIS Intelligence Team. Please Read Our News to Get More information about Indonesia