Rupiah Increasingly Unpowered, Monday Afternoon Closed At Rp. 16,575 Per US Dollar

JAKARTA - Rupiah closed powerlessly in trading Monday, March 23. The rupiah on the spot market closed down 3.85 percent at Rp16,575 per US dollar.

Head of Research at Monex Investindo Futures, Ariston Tjendra, said that market players are waiting for certainty regarding the agreement of the US government's US $ 1.3-2 trillion stimulus agreement in the US Senate.

"If it is agreed upon, it might be a positive sentiment for risky assets, including the rupiah tomorrow," said Ariston to VOI.

On the other hand, the spread of the corona virus or COVID-19 in Indonesia which has increased sharply has also become a negative sentiment. for rupiah.

The rupiah is in a weakening trend and has the opportunity to break a new record above Rp. 17,000.

The cases of the COVID-19 corona virus in Indonesia continue to increase. Data on Monday March 23, the number of positive COVID-19 579, patients died 49 people, and patients recovered 30 people.