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 Friday, March 7.
Ariston said the US dollar index was still at the level of 104, even briefly to around 103.7 in yesterday's trading.
" Trump's attitude in delaying some of the tariff increases for products from Mexico and Canada until April 2, has contributed to the weakening of the US dollar, in addition to concerns about the slowdown in the US economy due to the increase in the tariff on imported goods in certain countries," he told VOI, Friday, March 7.
But on the other hand, Ariston said there was an issue of an increase in tariffs that would slow global economic growth to still be a negative issue for the movement of risky asset prices.
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He conveyed that the movement of the rupiah after consolidation in the support area yesterday was around Rp. 16,260 to Rp. 16,280 per US dollar, so that the movement of the rupiah on Friday, March 7, has the potential to weaken against the US dollar towards the level of Rp. 16,360 per US dollar - Rp. 16,380 per US dollar.
Quoting Bloomberg, on Thursday, March 6, the rupiah spot exchange rate closed down 0.17 percent to the level of Rp. 16,339 per US dollar. Meanwhile, the Jakarta Interbank Spot Dollar Rate (Jisdor) exchange rate of Bank Indonesia (BI) closed up 0.34 percent to a price level of Rp. 16,315 per US dollar.
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