JAKARTA - The rupiah exchange rate in trading Monday, August 11, 2025, will have the potential to move higher against the United States (US) dollar.
To note, citing Bloomberg, on Friday, August 8, 2025, the rupiah spot exchange rate closed down 0.04 percent to the level of Rp. 16,293 per US dollar. Meanwhile, the Jakarta Interbank Spot Dollar Rate (Jisdor) exchange rate of Bank Indonesia (BI) closed up 0.08 percent to a price level of Rp. 16,299 per US dollar.
Doo Financial Futures analyst Lukman Leong said that the Rupiah movement is expected to strengthen against the US dollar.
"The rupiah has the potential to strengthen against the US dollar, which is still under pressure from the Fed's prospect of cutting interest rates following the Fed Fed's statement that supports three cuts by the end of the year," he said in his statement, Monday, August 11.
In addition, he added that investors are also looking forward to Indonesia's retail sales data this afternoon.
Lukman said that the movement of the rupiah on Monday, August 11, is projected to move in the range of Rp. 16,200 per US dollar to Rp. 16,300 per US dollar.
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Similarly, Financial Market Observer and Commodity Ariston Tjendra said on Monday, August 11, the movement of the rupiah has the potential to strengthen to the level of Rp. 16,250 against the United States (US) dollar in line with a statement by members of the Fed who commented on cutting the benchmark interest rate.
"Based on US labor data that is still weakening, Michelle totaling, Deputy Chairperson of the Fed's Board of Governors, stated that it is possible that the benchmark interest rate could be cut 3 more times this year," he told VOI, Monday, August 11.
On the other hand, he said regarding the reciprocal rate, the market is still waiting for the US and Chinese agreement until August 12.
"This may keep the US dollar's chances of getting stronger again," he said.
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