On Tuesday, Rupiah Was Stagnant At Rp13,885 Per US Dollar

JAKARTA - The rupiah exchange rate on the spot market was stagnant on Tuesday, June 9 trading. The rupiah was opened still the same as yesterday's closing, namely at the level of Rp13,885 per US dollar (US).

Monex Investindo Futures Head Researcher Ariston Tjendra said, although the rupiah weakened slightly yesterday against the US dollar, it has not eliminated the potential for today's strengthening.

"Positive sentiment regarding the reopening of the economy amid the pandemic is still overshadowing risk asset price movements," Ariston told VOI.

Yesterday, said Ariston, global stock exchanges strengthened due to this positive sentiment. The market was expecting the economy to recover soon with the opening of the economy.

"The positive US employment data last Friday is one of the initial proofs. Moreover, the current economy is still supported by stimulus from the central bank and government," he explained.

According to Ariston, the rupiah still has the potential to strengthen to the support area of IDR 13,700 with a potential resistance of IDR 14,000 per US dollar.

In Asia, the currencies of other Asian countries besides the rupiah have varied movements. The South Korean won strengthened 0.59 percent, the Japanese yen strengthened 0.25 percent, the Thai baht strengthened 0.15 percent and the Indian rupee strengthened 0.04 percent against the US dollar.

Meanwhile, the Hong Kong dollar weakened 0.001 percent, the Philippine peso weakened 0.01 percent, the Chinese yuan weakened 0.05 percent, and the Singapore dollar weakened 0.07 percent against the US dollar.