Low Tuesday Rupiah, Closed Down 20 Points To Rp14,265 Per US Dollar

JAKARTA - The rupiah exchange rate on the spot market closed lower on trading Tuesday, June 30. The rupiah closed down 0.14 percent or 20 points to a level of IDR 14,265 per United States dollar (US).

Head of Research at Monex Investindo Futures, Ariston Tjendra, previously said that market concerns about the increasing spread of the COVID-19 virus had not disappeared.

But this morning some risk assets looked positive given the Fed governor's written comments saying he would keep interest rates very low for a long time to help the economy recover.

In addition, said Ariston, China's manufacturing and non-manufacturing activity index data for June showed an increase in activity. And it has been proven that the tug of war on positive and negative sentiments made the rupiah slightly weaker today.

The rupiah weakened compactly today with a series of other Asian currencies. Starting from the Japanese yen, Singapore dollar and Taiwan dollar.

The South Korean won was the weakest in Asia today, weakening 0.33 percent against the US dollar.

On the other hand, the Hong Kong dollar, the Philippine peso, the Malaysian ringgit and the Thai baht were still able to strengthen against the US dollar.