Investors Are Worried Again, Rupiah Potentially Less

JAKARTA - Financial Market Observer and Commodity Ariston Tjendra said that the movement of the rupiah has the potential to weaken against the United States (US) dollar on Tuesday, April 22.

Ariston revealed that this morning the regional exchange rate moved lower against the US dollar.

According to him, consolidation seems to be happening again because the market is still showing concern about the future of the global economy, especially as a result of the increase in tariffs imposed by Trump, even though Trump has relaxed and opened up space for negotiations.

"So the rupiah has the potential to weaken again today against the US dollar," he said in his statement, Tuesday, April 22.

He said that the movement of the rupiah on Tuesday, April 22 has the potential to weaken to the level of Rp. 16,850 per US dollar with potential support in the range of Rp. 16,750 per US dollar.

Quoting Bloomberg, on Monday, April 21, the rupiah spot exchange rate was closed up 0.42 percent to the level of Rp. 16,807 per US dollar. Meanwhile, the Jakarta Interbank Spot Dollar Rate (Jisdor) exchange rate of Bank Indonesia (BI) closed up 0.14 percent to a price level of Rp. 16,808 per US dollar.