On Thursday, Rupiah Strengthened, But 20 Minutes Later Slipped To Rp. 14,813 Per US Dollar

Illustrated. (Irfan Meidianto / VOI)

JAKARTA - The rupiah exchange rate on the spot market opened higher on trading Thursday, September 10. The rupiah opened up 31 points to a level of Rp14,768 per US dollar.

Even though it opened higher, the rupiah slowly moved lower after opening. Based on VOI monitoring at 09:20, the rupiah slipped 0.09 percentage points or 14 points to a level of Rp14,813 per US dollar.

Head of Research at Monex Investindo Futures, Ariston Tjendra, said that this morning the US dollar was actually under pressure last night due to market optimism regarding the European economic outlook which will be announced by the European Central Bank tonight.

"The regional exchange rate, including the rupiah, has the opportunity to strengthen against the US dollar under the condition of the US dollar," Ariston told VOI.

In addition, ida continued, risky assets such as the stock index also looked positive this morning. US stock indexes turned higher overnight, after experiencing a deep fall the day before, which gave positive sentiment to the Asian stock index this morning.

"The potential for strengthening the rupiah today is in the range of Rp. 14,700-14,850 per US dollar," he said.

However, the market is also still wary of the heated issue of US-China relations and the temporary suspension of AstraZeneca phase 3 vaccine testing.

"These two issues can suppress the movement of risky assets. Meanwhile, from within the country, the issue of the implementation of the PSBB can also be a pressure to the rupiah," explained Ariston.