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 Wednesday, June 18.
"This morning the US dollar index moved higher than yesterday, 98.77 vs 98.20," he told VOI, Wednesday, June 18.
According to him, this is the effect of Israel's unstopped Iran war conflict and the US is starting to intervene to help Israel.
On the other hand, he said, the market is also looking forward to the results of the Fed's monetary meeting, which may have a more dovish tone or support monetary easing going forward.
In addition, Ariston said that the US economy has been under pressure recently, so it is natural for market players to have such expectations and if this happens the US dollar could even be depressed.
"So it is possible that the US dollar will not move too strongly today against the rupiah, because there is strong sentiment from the Fed that can withstand the strengthening of the US dollar," he said.
He conveyed that the movement of the rupiah on Wednesday, June 18 has the potential to weaken to the level of Rp. 16,300 per US dollar, with the potential for support in the range of Rp. 16,250 per US dollar.
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For information citing Bloomberg, on Tuesday, June 17, the rupiah spot exchange rate closed down 0.15 percent to the level of Rp. 16,290 per US dollar.
Meanwhile, the Jakarta Interbank Spot Dollar Rate (Jisdor) exchange rate of Bank Indonesia (BI), closed higher by 0.09 percent to a price level of IDR 16,281 per US dollar.
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