Rupiah Potentially Weakening Again To Level Rp16,200 Per US Dollar.

Illustration (Photo: Doc. ANTARA)

JAKARTA - Financial Market Observer and Commodity Ariston Tjendra said that the movement of the rupiah has the potential to strengthen against the United States (US) dollar on Friday, December 27, driven by external sentiment.

"This morning's US dollar index is in the range of 108.12. It's still at a high level this year," he told VOI, Friday, December 27.

Ariston said the market might still consider a potential mover market next year that could boost US dollar strengthening like Trump's policy.

In addition, Ariston conveyed another sentiment, namely that the Fed's potential is not aggressive in cutting its benchmark interest rates, geopolitical conflicts that can heat up again, trade wars that can slow down the global economy and others.

Meanwhile, from internal, according to Ariston, the market may still be pessimistic about Indonesia's potential economic growth with these external conditions and internal policies such as VAT 12 percent decline in middle class purchasing power.

Therefore, Ariston estimates that the movement of the rupiah on Friday, December 27 has the potential towards Rp. 16,150 per US dollar - Rp. 16,200 per US dollar.

Quoting Bloomberg, the Rupiah exchange rate on Tuesday, December 24, 2024, the rupiah exchange rate on the spot market closed higher by 0.04 percent at the level of Rp. 16,190 per US dollar.

Meanwhile, the Jakarta Interbank Spot Dollar Rate (Jisdor) exchange rate of Bank Indonesia (BI) closed down 0.30 percent to a price level of Rp. 16,208 per US dollar.