Thursday Morning, The Rupiah Pushed Back The US Dollar

JAKARTA - The rupiah exchange rate on the spot market opened in the green zone on trading Thursday, October 15. The rupiah opened up 0.22 percent or 32.5 points to the level of Rp14,685 per US dollar.

Even though it was booked strong, Head of Research at Monex Investindo Futures, Ariston Tjendra reminded that the rupiah would still be depressed, the effect of the US Treasury Secretary who emphasized that a stimulus agreement would occur after the presidential election because there were many differences that had not been agreed upon.

"The market is also wary of plans for labor demonstrations that will take place over the next week," Ariston told VOI .

But on the other hand, he continued, foreign net buy in the Indonesian stock market could help strengthen the rupiah against the US dollar.

"Looking at the factors above, the Rupiah may still move sideways in the same range as yesterday with a range of Rp14,700-14,750 per US dollar," said Ariston.

This morning, the majority of currencies in Asia were observed to strengthen against the US dollar. The South Korean won strengthened 0.07 percent, the Philippine peso strengthened 0.11 percent, the Indian rupee strengthened 0.06 percent, the Malaysian ringgit strengthened 0.02 percent, and the Taiwan dollar strengthened 0.16 percent.

Meanwhile, the Japanese yen weakened 0.07 percent, the Singapore dollar weakened 0.02 percent, the Chinese yuan weakened 0.07 percent, and the Thai bath weakened 0.1 percent.