The Indonesian rupiah is extending its decline towards IDR 18,040 per US dollar as broad-based dollar strength, rising energy costs and domestic fiscal concerns weigh on investor sentiment. With the Federal Reserve’s next policy meeting approaching, expectations for unchanged US interest rates are doing little to ease pressure on emerging-market currencies. Domestically, oil prices around […]
The Indonesian rupiah is extending its recovery for a third consecutive session, trading near IDR 17,970 per US dollar as a weaker greenback, softer US Treasury yields and lower crude oil prices improve conditions for emerging-market currencies. Attention is now turning to Bank Indonesia’s latest policy decision, with markets widely expecting the central bank to […]
The Indonesian rupiah is extending its recovery, hovering near IDR 18,000 per US dollar as softer dollar conditions provide support ahead of the latest Bank Indonesia (BI) policy decision. Markets are widely expecting the central bank to leave interest rates unchanged for a fourth consecutive month, while policymakers continue efforts to stabilise the currency amid […]
The Indonesian rupiah is facing renewed pressure near IDR 18,040 per US dollar, struggling to move below the psychologically important 18,000 level as a firm dollar, geopolitical uncertainty and concerns over Indonesia’s potential market classification downgrade weigh on investor sentiment. The US dollar continues to draw support from euro weakness amid unrest in France and […]
Currency Hedger Analysis The Indonesian rupiah weakened beyond IDR 18,050 per US dollar on Friday, reaching its weakest level since early August as concerns over a potential downgrade of Indonesia’s equity-market classification increased pressure on investor confidence. MSCI has raised concerns about dysfunction in Indonesia’s stock market and outlined the possibility of reclassifying the country […]
The Indonesian rupiah is showing signs of stabilisation after briefly weakening towards IDR 17,970 per US dollar before recovering to around IDR 17,930. Bank Indonesia has reaffirmed its commitment to supporting the currency through foreign exchange interventions, while Indonesia’s growth outlook has received a modest upgrade from the IMF. However, persistent inflation, a firm US […]
The Indonesian rupiah trades near IDR 17,890 per US dollar, edging higher as Bank Indonesia continues to support the currency through intervention in domestic and offshore foreign exchange markets. However, the rupiah remains vulnerable to a broadly firm US dollar, tighter global financing conditions and shifts in foreign investor sentiment. Attention is turning to the […]
Contributor: Currency Hedger | Market Analysis: Louis Roche, Today Markets The Indonesian rupiah remains vulnerable to external dollar strength and domestic inflation pressures, with USD/IDR trading around IDR 17,900 per US dollar in the supplied market snapshot. Ahead of key US inflation data, the direction of the dollar and changes in global risk sentiment are […]
The Indonesian rupiah remains around IDR 17,900 per U.S. dollar as stable foreign-exchange reserves, resilient domestic activity and continued intervention from Bank Indonesia provide support for the currency. However, an elevated U.S. dollar and still-high U.S. Treasury yields are limiting the rupiah’s ability to strengthen significantly. September foreign-exchange reserves remain around USD 146.3 billion, keeping […]
The Indonesian rupiah remained under pressure around IDR 17,900 per U.S. dollar on Friday, struggling to recover after touching the IDR 18,000 level earlier in the week. Persistent dollar strength continued to weigh on the currency, while expectations for further Federal Reserve tightening, elevated inflation and geopolitical uncertainty kept demand for the greenback firm. Bank […]