Monday Rupiah Strengthened To Level Rp16,413 Per US Dollar

JAKARTA - Rupiah has started this week positively. On Monday April 6, the rupiah closed up 0.11 percent at the level of Rp. 16,413 per US dollar.

During the day, the rupiah was actually in the red zone, and only reversed direction a few moments before the close.

Monex Investindo Futures Head Researcher, Ariston Tjendra said, positive sentiment towards risky assets continued throughout trading.

"The slowdown in the increase in the number of deaths and positive cases due to the corona virus or COVID-19, such as in the US and Europe, encourages this positive sentiment," explained Ariston to VOI.

Stock indexes such as Hangseng, Nikkei, Kospi and IDX as well as European stock indexes looked positive until this afternoon.

The movement of the rupiah is in line with the majority of currencies in the region. As of 3:00 p.m. WIB, the Thai baht was still the currency with the highest strengthening after strengthening 0.38 percent against the US dollar.

Following next was the Singapore dollar, which rose 0.33 percent. Then there was the Taiwan dollar which rose 0.27 percent. Then, the South Korean won also managed to appreciate 0.16 percent.

Meanwhile, the Japanese yen was the currency with the deepest weakness after falling 0.59 percent. The Malaysian ringgit followed behind him after weakening 0.24 percent.

Furthermore, the Philippine peso and the Hong Kong dollar fell 0.06 percent and 0.01 percent, respectively.