Indonesian Rupiah Skids After Surprise Rate Cut; Ringgit at 19-Month High

Indonesian Rupiah Weakens

The Indonesian rupiah has weakened after Bank Indonesia unexpectedly lowered interest rates by 25 basis points to 5.00% on Thursday.

The move surprised the market, as most economists had expected the central bank to keep rates unchanged.

The rupiah fell by around 0.5% against the US dollar following the announcement.

Ringgit at 19-Month High

The Malaysian ringgit has risen to a 19-month high against the US dollar.

The ringgit has been boosted by a number of factors, including the country's strong economic growth and the weakness of the US dollar.

The ringgit is currently trading at around 4.00 against the US dollar.

Outlook for the Indonesian Rupiah and Malaysian Ringgit

The outlook for the Indonesian rupiah is mixed.

On the one hand, the rupiah is likely to remain under pressure in the near term due to the rate cut and the ongoing trade war between the US and China.

However, on the other hand, the rupiah could strengthen in the longer term if the Indonesian economy continues to grow and the trade war is resolved.

The outlook for the Malaysian ringgit is more positive.

The ringgit is likely to continue to strengthen in the near term due to the country's strong economic growth and the weakness of the US dollar.

However, the ringgit could weaken in the longer term if the global economy slows down.